Download Credit Repair Calculator Template In Excel

The Credit Repair Edition is popular debt reduction calculator is design to help you improve your credit score by using the snowball effect to reduce your credit card balances to specific levels. Instead of waiting till a card is completely paid off to the snowball to the next debt.

Repair my credit

The Debt Reduction Calculator – Credit Repair Edition is exactly the same as the original debt reduction calculator, so all of the instructions for the debt reduction calculator may also apply to the credit repair edition.

Using the Credit Repair Edition

All the instructions for the debt reduction calculator also apply to the credit repair edition. The credit repair spreadsheet just adds another level on the top, and therefore a bit more complex. Keep in mind that there are many factors influencing the credit score. This spreadsheet specifically has to do with reducing the amount you owe, relative to credit limits.

  • “Proportion of credit lines used.
  • “Proportion of installment loan amounts still owing.
Community credit repair

Reduce To: This is the new column in the credit repair edition that lets you indicate that you want to lower a balance to a specific amount. If you left this column blank, the spreadsheet would function just like the original debt reduction calculator.

What Balance-to-Credit-Limit Ratio is Ideal? This is also known as the debt-to-credit ratio or utilization ratio. I have seen conflicting information in this and there seems to be no one answer. The only thing I can advise is that you seek the help of a professional credit repair specialist. I could say try using a default of 20%, but that isn’t always true.

Other Notes about using the Credit Repair Edition:

(1) In the summary table, the column “Met 1st Goal” estimates that date when you will have reached the balances entered in the “Reduce To” column.

(2) The strategy you choose for paying off your debt will also determine the order that debts payoff accomplish.

Download this Credit Repair Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Credit Repair Calculator Excel Template

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