7 Debt Payoff Planning Tools and Apps
By Maryalene LaPonsie
If you’re tired of owing money on credit cards, auto loans or other lines of credit, it's time to get serious about paying off debt. The first step to tackling debt is to total up how much you owe on each account and the interest charged by each creditor.
The challenge for many people is what to do with those numbers once they have them, says H. Adam Holt, founder and CEO of Asset-Map, a visual tool financial advisors can use to show a client's overall financial picture. "People don't know what to do with it," he says, noting that it can be hard to find professional help. "Most financial advisors focus on the investment side, not debt reduction…"