Debt Quencher is a tool that can save you hundreds (or even thousands) of dollars in interest. All you have to do is tell it what you owe and it will tell you the best way to pay off that debt.
Debt Quencher has been designed to be easy for anyone to use. It's harder to find the interest rate on your credit card statement than it is to use this tool. Enter that rate along with your current balance and minimum payment to see how long it will take to pay off that card.
Try different planned payments to see the advantage of paying more than the minimum. You might be shocked at how much you can save.
For more "what if" scenarios, you can change the Payoff Method to one of four choices: Minimum Payment, Highest Interest, Lowest Balance or Highest Balance. These help you decide where to put your extra money when one card gets paid off. Depending on what you owe, this could also put more cash back in your pocket.
The Make Payments command helps keep your balances current. With two clicks you can apply your planned payments to the balances and change the Last Updated date to the current date. Getting a hard copy of your payments is easy too: Just click the Print button.
