How do I create a debt payoff plan?
Select cards or loans and compare a payment schedule.
Guide based on the current Rank beta
The Pay off debt view uses cards and loans that already exist in Accounts.
How to do it
- 1Make sure your cards or loans have balances and payment information.
- 2Open Goals and switch to Pay off debt.
- 3Under Configure, select at least one debt.
- 4Choose Planned payments, Avalanche or Snowball.
- 5Add an extra monthly payment if you want to compare its effect.
Keep in mind
- Avalanche prioritizes the highest interest rate; Snowball prioritizes the smallest balance.
- Both priority strategies require more than one selected debt.
- Without a selected debt, Rank shows that there is not enough data.
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