Showing posts with label Excel. Show all posts
Showing posts with label Excel. Show all posts

Monday, June 1, 2009

Figuring Credit Card Payoff Amounts



In the course of providing financial and cash flow management for clients, one of the challenges I face is figuring credit card payoff amounts. Sure, early on, I tried the method of calling the credit card company for the payoff amount, but they usually were very wrong. Some had us overpay; some had us underpay; one even had us overpay by almost $100.

I knew that credit card payoffs couldn't be that hard to figure close to the correct amount, so I took on the challenge and developed a spreadsheet that I will share with you. You can find the Excel worksheet on my website. Feel free to use it. If you want to use it on a blog, or your website, please be kind enough to attribute it to me, my company, or my website.