Debt Analyzer Tells the Owe-ful Truth

Program creates payoff plans according to user priorities.

Yardena Arar, PC World

Insight Software Solutions%squot Debt Analyzer does the job for $25. Simply enter your debt data (amounts, minimum payments, interest rates, monthly due dates), monthly income, and household expenses, and the program generates a repayment plan that tells you exactly how much to pay each creditor each month.

Quicken 6%squots Debt Reduction feature does all this as well, but the shipping version of Debt Analyzer I reviewed provides a bit more flexibility. While the default plan advises you to pay off the highest-interest loans first (thereby saving the most interest), you can choose other priorities, such as paying off the smallest or largest debts first. (Quicken only lets you manually reprioritize the debts.)

Debt Analyzer doesn%squott have Quicken%squots multimedia frills--and it requires manual entry of household finance data. The on-screen-only documentation lacks a start-up guide. Still, Debt Analyzer is worth the money for those who want more than Quicken%squots straightforward approach.

For the complete story, see the May 1997 issue of PC World.