Reducing Credit Card Debt to "Zilch"
Summary
"There is no quick fix that will make credit card debt go away," explains Michael J. Riley, the retired United States Marine Corps Gunnery Sergeant who owns and operates ZilchWorks. Zilch provides a no-nonsense road map showing consumers how to get their credit card debt under control. The software lets you choose between a debt paydown strategy of "Avalanche" highest interest rate first, or "Snowball" quickest to be paid off first.Zilch lets you add a monthly accelerator called "pledge money," which is extra money available each month, that reduces interest penalties, and the time it takes to paydown debt. Zilch also has a feature called "dial-a-date," which lets you determines how quickly to get out of debt; for example, twelve, eighteen, or twenty-four months. The shorter the duration you choose, the larger the amount of monthly pledge money is required.The Zilch Standard software runs on Windows 8/10/11, and costs $39.95 (US) for a single-user license.