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HOW TO CRUNCH AWAY THOSE HEAVY DEBT NUMBERSIF YOU WENT A LITTLE overboard with your charge cards over the holidays, you're in good company. According to the Federal Reserve, consumer debt in the U.S. now exceeds $1.19 trillion--up more than 9% from $1.09 trillion a year ago. The average household carries $22,500 in total debt--up 15% from the amount of four years ago. That could add up to a ready market for Debt Analyzer, a program from Insight Software Solutions in Bountiful, Utah. Like the packages used by professional financial counselors, Debt Analyzer enables consumers to figure out how long it will take to pay off all their debts. Just put in the amount owed, the fixed or variable interest rates, and your income, and the program does all the calculations. The software can also figure out how much needs to be paid per month to meet your budgetary goals--say, debt-free status by Thanksgiving--and other ''what if'' scenarios such as debt consolidation. Debt Analyzer can work on any IBM-compatible PC using any version of Microsoft Corp.'s Windows and is available directly from Insight Software at www.win tools.com. Oh yes, the company will gladly bill your credit card $25 for the program.
By Paul Eng
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Updated June 15, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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