Short description of Debt Reducer Debt Reduc: What you need to do to out of debt today - no financial expertise required. Eliminate your debts and save you hundreds or thousands of dollars in the process. The Debt Reducer software is easy to use and valuable in evaluating debt consolidation. All you need to do is enter the debt name, balance, interest rate, and monthly payment for each of your debts and click a button. The Debt Reducer software does the rest.