The Debt Express module grants clients access to our powerful Debt module with a fraction of the data entry required in full client plans.
Step 1: Family Information
1
Client: Enter name, date of birth, planning horizon, and resident state for the client.
2
Co-client: The Co-client card, pre-filled by default, has the same fields except for the resident state. Click it to enter the second client’s info.
3
Add additional participants: To add more household members, click the blue 'Add Participant' button in the top right to include children, grandchildren, or others.
Auto-populate
If the client is invited or has access to multiple modules, Step 1 will automatically populate with any information they’ve already entered.
Step 2: Add Basic Information About You
Enter all Credit Card and Loan information including current balances, monthly/minimum payments, interest rates, and more. The 'Add >' option can add additional credit cards and loan entries to this section.
Step 3: Review
The Review tab grants access to the Debt Module. This includes the ability to model alternative payoff strategies and review amortization schedules.
Strategy
The Strategy Tab is where you can curate a Proposed Payment Strategy for a client, and compare your strategy to the client's current debt payment strategy.
Payment
The Payment Tab is where you can find a proposed breakdown of each loan in the plan, providing you with crucial details such as interest rate, minimum payment, etc.
Details
The Details Tab allows you to view the amortization schedules for each loan in the Proposed Payment Strategy annually or monthly.
Download Payment Schedules
You can export the payment schedule as a .CSV file by selecting the blue download icon at the top right of the details page.
