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When you enter a monthly commitment amount, this amount should be higher than the total of all minimum payments. The excess above the minimum payments is called the "kicker". The kicker amount is the difference between your monthly commitment and the total of all the minimums. The kicker amount is then available as an additional amount to pay on other accounts. DueMinder applies the kicker in a way that helps you accelerate the you pay down of overall debt.
DueMinder's Debt Manager is currently in Beta Testing. This means that major features are complete, and that testing continues by a large group of real users. We are on schedule for a fully operational, General Availability release Feb 1, 2009. Current development news: - Notifications are now enabled (payment notifications, periodic account summary) |
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