Debt Management
The Debt Management module facilitates the collection of client debt information, and illustrates potential cost-effective strategies associated with Debt Consolidation and Level Payment Paydown.
Module Target User – Advisors, Clients
Completion Time – 10 to 20 minutes
This module:
- Collects and presents a client’s current debt situation including: key ratios, total debt balance, debt amortization schedule, and a debt-free date
- Presents a Debt Consolidation strategy and a Level Payment Paydown strategy
- Compares the current debt situation with debt payment strategies
- Illustrates total interest costs as well as average interest costs both before and after tax