In addition to being a debt tracker and loan calculator, we are also trying to help point out some possible next steps with articles focused on how to pay off student loans, auto loans, and credit cards faster.
Required inputs for calculating your debt free date are the current balance of the loan, the annual percentage rate (APR), and the minimum payment amount.
Debt Payoff Planner and Loan Calculator determines the optimum payment plan and how long it will take until you will be debt free.
The Debt Payoff Planner app is the simplest way to stop feeling overwhelmed and start having a specific, step-by-step plan for paying off your loans.
We recommend the Debt Snowball strategy because we believe that paying off individual accounts faster will help you stay focused on your financial goal of debt elimination.
The Debt Payoff Planner and Calculator is also used for tracking payments and updating the time-frame for becoming debt-free.
Today is the day to make a plan with a loan calculator and beginning paying down debt.
We believe that becoming debt free requires an easy starting point and making sure every dollar is leveraged perfectly.
In addition to the Debt Snowball calculator and the Debt Avalanche method, many users like to do a custom sorting of their debts.
Your ability and willingness to pay more than the minimum payments is how you will become debt free in less time than you imagined.
A Debt Snowflake is a one-time payment from things like a bonus at work, a tax refund, an extra payday, etc.
We allow the ability to provide a Debt Snowflake payoff as well.
Budgeting your income will help you to get a regular monthly amount to pay down the debt faster.
Getting out of debt is hard, so we try to allow you to take baby steps toward this goal.