There are a number of people who are in debt. As a result, they will have financial obligations that they will need to meet. When looking to pay back debts the process can be quite difficult especially if you are going through some financial strain. However, there is a way to help sort out and look to eliminate debt more easily.
The thing you can use is a debt repayment calculator with Excel. This program will give you an easy and efficient way to track all of your debts and allow you to make plans to pay it off on a timely basis. Using the Excel template will help you find an easy way to pay off both credit card debt and consumer debt along with loans. This way, you will have a great tool to use in order to help you pay back your debts.
Debt Repayment Calculator: Credit Cards
The first thing you can use an Excel template to help you plan to pay off is credit card debt. This is simply money you owe to credit card companies. The credit card debt can be quite costly and difficult to pay back.
However, using the template will allow you to figure out the interest rate, the principal balance and also the amount you need to pay back. You can then use this to find a way to pay back as much as possible. Therefore, you will have the means to find an easier way to eliminate this burden.
Debt Repayment Calculator: Consumer debt and loans
Another thing you can use the Excel template to help with repayment of debts is consumer debt and loans. This is simply money you owe to retailers and also auto lenders. You will just need to do the same thing with the credit card calculator.
On Excel, you will calculate the interest rate, how much you owe and then figure out how to pay this back in a timely manner. By using the Excel template you will have a great tool to help you eliminate these debts as soon as possible.