The Mini-Debt Reduction Planner, found in the Banking area's Credit center, estimates how long it will take you to get rid of a single debt (Money owed to another person or company, such as loans, credit card balances, or mortgages. ) . Use it to evaluate different scenarios for paying off a credit card or a line of credit.

The Mini-Debt Reduction Planner isn't based on your Money file (A computer file that stores the information that you enter into Money. A single Money file can contain many accounts, so if you have a new account, bank, or brokerage, you can add those accounts to the Money file that you already use.) , and your payoff period could vary depending on your circumstances. The Mini-Debt Reduction Planner does not consider factors such as:

• Variable interest rates.
• The possibility that you might make additional charges on the account.
• Whether you have other debt.

To take a more comprehensive look at what you owe or to set up a concrete plan for reducing your total debt, use the Debt Reduction Planner.