In today's fast paced, consumer based world of revolving credit and huge debts, debt consolidation companies are making a killing on consumers out there with bad credit or high bills. Why are they paying others to plan their salvation when they could do it themselves in one evening if they only knew how? Debt Wizard will help you see the forest for the trees when it comes to paying off your debt.
Get on the road to financial recovery
Setting up Debt Wizard is a breeze if you've got your latest financial statements handy.
The first step in using Debt Wizard is to enter your different accounts into a "portfolio". Debt Wizard offers many options when it comes to those special "introductory rate" credit cards or "same as cash for 6 months" purchases you make (like CompUSA was offering me for my iMac). You can enter these special options when you first set up Debt Wizard or later on when your credit terms change.
After you've entered in all of the debt you want to consider into a portfolio you can start using the power of Debt Wizard. Debt Wizard will generate a schedule of payments that will impact your finances the way you want it to. It will help you pay off your highest interest debts first, pay off all your debts within a time period that you determine, or pay off your debts using minimum payments only. Each selection has a description explaining why you might want to choose it.
Once you've generated a payoff schedule you can begin to glean some very useful information from the different windows. The Statistics window will tell you the total amount of your debts, the number of payments you would make without using Debt Wizard, and the number of payments you will make with Debt Wizard. It will also show you that there is an end to it all. The statistics are displayed for all of your debt and for each individual account as you select it so you can "micromanage" your debt as you see fit.
You can set up a schedule of payments using the built in calendar which will remind you to make payments. Debt Wizard will tell you how much of your debt is being paid off and how much is going to each debt via pie graphs and bar graphs so that you can finally understand your debt.
Small price, big value
The fact of the matter is that all of us either have debts, or have friends with debts. This little shareware application is worth quite more than it costs when you compare it to some of the commercial applications in the financial realm - or when you start looking for consolidation services in the marketplace. If you are looking for a first class way to lower your debt, put money back into your own pocket and do it all in one evening, Debt Wizard will help you do it; just make sure you're serious about paying off your debt before you try.
