One point I’d like to make though. I understand that ‘mathematically’, it always makes sense to pay the highest debt first. However, there can also be ‘motivational’ or ‘emotional’ reasons why people are in debt and what is mathematically best is not necessarily ideal. For instance, Dave Ramsey says to pay off smaller debts and you can get an emotional boost as you continue to drop every debt (one more gone, “YES!”).

I took the time to look at the online presentation and I was impressed. The presentation made total sense, unlike others I have seen for similar products. I am however concerned that you say “no additional payments are required,” when it appears that all of the cash left over after bills is being used for additional payments.

If you are able to give me access to the software I would love to do some testing. If this is software you provide free of charge to your clients using you for their personal finance needs then I will fully endorse it myself. If there is a cost involved I will have to do some math and may not be as quick to offer you the same endorsement.

The first example of $250K over 30 years at 6% reduced to 9.1 years is poor. If a person were to use all of their extra monthly funds to pay down the mortgage they will save more money than you are suggesting.

I will always believe any system to help people get out of debt is to their advantage, but if it is something that they can implement themselves I don’t believe it is worth paying for.

It is pretty easy to show that living out of a LOC at 3.25% these days and applying all of your discretionary income against your mortgage will save you money. This is something that an hour of coaching would accomplish. If the cost of the software is what keeps people on track then so be it, but disciplined folks shouldn’t need to incur that cost.

I attempted to work some numbers on the online calculator and the payments didn’t work out for the amortization period and interest rate. Do you include the cost of the software without indicating it? If this is the case it would appear that the software is about $2000 and change. If you could provide the cost of the software and estimated costs for setting up a line of credit, appraisal, legal fees, etc I would appreciate it.

Your email indicates that you are a CFP. Although I do not earn a living in this role I do not believe this software would be any more effective than you sitting down with your clients for an hour and giving them the option to set this up themselves without the software or the cost.

I look forward to being able to test your software and include any costs incurred for the software, LOC, etc.

As I am sure you are aware many of these “debates” have gotten very ugly on different forums. I will keep my comments based on my personal opinion, professional and will not edit your comments.