Computerized Investing > June 22, 2013

Zilch Standard

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Zilch Standard assists users in debt reduction. This basic program lays out expenses and takes into account a variety of financial details, including interest rates, loans and outstanding balances. Other features of the download that can be applied to your debt-reduction plan are a choice of seven different payoff strategies, data entry of up to 30 creditors and much more.

When the program opens, users add credit information. Zilch asks for the creditor’s name, annual percentage rate (APR) charged, current balance, monthly payment and a start date. There are several different payoff strategies that you can choose and the program will help you apply that to your current outstanding debt balance. Some examples are “quick elimination” or “highest balance first.” Different strategies can have different effects, so it is important that individuals research which type of debt-reduction plan would work best for their financial situation. Zilch also provides several different calculators to help you gain a more thorough understanding of your financial status and future plan. Calculators include future value of lump sum, loan payment, future value of regular deposits and price range.

After all the information is entered into Zilch, click Debt Reduction and this gives you a complete overview of the information you provided as well as two different scenarios: normal payoff and accelerated payoff. This allows users to see what their total amount paid will be including interest and how long it will take them to pay off their debt based on the pledge amount used each month. Zilch can also generate a variety of customized reports such as a payment schedule, a payoff summary and a balance report.

Overall, the comprehensive features, but easy-to-use format, make Zilch Standard a helpful tool in reducing debt.


System Requirements: Windows 95, 98, Me, XP, NT, 2000, Vista, 7

Size: 5.1 MB

Price: free limited trial; $39.95 to buy


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