Debtinator is a tool that helps you chart out your debts and finances and generate payment schedules for you.
Type in your information, and a few clicks later, you can see how quickly you can target your resources to get out of debt fast.
Here are some key features of "Debtinator":
· Brand new, more intuitive interface. An easier interface means less time figuring out the program, and more time paying off your debts.
· More reporting options. Choose your own payment schedule. Pay the highest interest rate first. Or the lowest, and see how they compare. Pay the debt with the highest fees, or only the minimums, or take it all into your own hands and choose your own strategy.
· Printing. Keep a hard copy of those payment schedules you`ve created and check things off as you complete them, in a nicely formatted report. Show me how.
· Multiple accounts. Now you can deposit your paycheck into a checking account, and automatically continue your savings by transferring a set amount of funds to a different, higher interest rate account.
· Interest bearing accounts. You`ve got a savings account, and you`re going to earn money from it. Debtinator now keeps track of that for you.
· More accurate reporting. Debtinator used to assume that all events happened on the same day, the first of the month. But, of course, reality doesn`t reflect that. You may have bills to pay on the first, but you don`t get paid until the third. Now you can more accurately report on that.
· It`s tougher to run out of money. Debtinator is smart enough to plan for the future. If you have extra money now, but are going to have a big bill to pay for 3 years from now, the program will re-arrange to make sure you can pay it, if at all possible.
· More debt options. Banks are sneaky. Credit card companies are sneaky. There are all sorts of hooks and gizmos and tricks that they employ. Sure, that 0.00% introductory interest rate is great now, but in 6 months it runs out and you`re up to 21.99%. Then what? Or, you charged up $5,000 at your normal 15% interest rate, but have another $5,000 that was a balance transfer at 3.99%. Your payments are applied towards the 3.99% first, then the 15% when it`s paid off. Debtinator lets you store all of that easily with more complicated debts.
· Graphing. Now you can visualize your debts over time and compare payment plans. You can more easily see how paying over the minimum will save you money.
Limitations:
· Unregistered users can only run reports 3 months into the future.
What`s New in This Release: [ read full changelog ]
· Added flag to allow budgets to save until a goal is reached
· Extended weekday bindings to bind to closest weekday, previous weekday, following weekday, and closest weekday in same month
· Check numbers can now be non-numeric ("EFT", "DEBIT", "CASH", etc)
· Added ability to round debt payments down to nearest dollar, ten, hundred, or thousand
· Scenarios will now warn you if an account has no deposits and ends with a negative balance
· Fixed an incorrect display of Total Available Funds in scenarios on certain older data files or when paid from a debt
· Fixed an intermittent crash from refreshing the amortization table
