MADISON, Wis. – UW CU has launched a new consumer debt calculator called ‘Debt in Focus’ to help members with budgeting and personal finance.
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When using the web-based tool, a consumer inputs information regarding their income and current debt. The consumer is then provided a summary of their debt total, ratios, and an estimated budget. They are also given a series of action steps specific to their situation that they can take to reduce their debt or put them in a better financial position.
UW CU members and interested non-members are encouraged to use the tool and provide feedback during the pilot stage.
Debt in Focus was developed by the Filene Research Institute which plans a nationwide roll out later this year.
