Plan debt payments and track a loan
Add the debt’s current balance and terms, then compare repayment strategies. For an installment loan, link its bill and keep the lender balance up to date.
Before you start
Debt planning is available to eligible Pro and Family households and depends on your role and visibility. Use the lender’s current balance, balance date, APR and required payment. The plan is an estimate.
Add a debt
- Open Debts and select New debt.
- Choose the debt kind and enter the current balance, APR and minimum payment. For an installment loan, follow the option to link an existing bill or create its bill.
- Save and check the debt’s currency, terms and lender balance date. Multi-currency debts have separate plans.
Record loan payments and balances
Record a linked bill payment through the bill’s payment form, checking Counts toward and Paid date. A logged bill payment is not proof of the lender’s remaining principal. Update the debt with a fresh lender balance when available; inspect any stale-balance warning before relying on the plan.
Compare strategies
Snowball targets the smallest balance first; avalanche targets the highest APR. Review projected payoff time and total interest, then enter an extra monthly payment if appropriate. Both strategies depend on the terms and balances you supplied.
Warnings
The planner warns when payments do not cover interest or the projection exceeds its supported horizon. Review the balance, APR and required payment before choosing a larger amount; the app does not make a lender payment.