Debtless
Payoff methods
How debt payoff calculators work, step by step
The month-by-month loop behind a debt payoff calculator: adding interest, subtracting a payment, and rolling any extra to the next target.
Money decisions, made clearer.
Payoff methods
Debtless is a 100% free debt payoff app for iPhone. Compare repayment approaches with clear assumptions and worked examples. It turns reading like this into a plan, drawing on 442 articles in this library.
Payoff methods articles
53 articlesPayoff methods
Why two payoff calculators give different dates
The hidden assumptions, like a fixed payment versus a shrinking minimum, that make two debt calculators produce very different payoff dates.
Payoff methods
What "interest saved" means in a payoff plan
Why an "interest saved" figure only means something next to a stated baseline, and how to calculate your own honestly.
Payoff methods
Avalanche with a tiny balance: clear it or stay?
Whether to detour from strict Avalanche order to clear a tiny balance first, and what that detour actually costs in extra interest.
Payoff methods
A payoff plan when you have only one debt
Why a payoff order doesn't apply with a single debt, and how adjusting your payment amount is the only real lever you have.
Payoff methods
Payoff order when one debt has a co-signer
Why a co-signed debt can deserve priority regardless of its rate, since a missed payment puts another person's credit at risk too.
Payoff methods
Home Loan Payoff Calculator: A 6-Point Checklist
A home loan payoff calculator can be off if you enter the wrong balance, rate or payment type. Run this six-item checklist before you trust its payoff date.
Payoff methods
Debt Management Plan vs. Consolidation Loan
A debt management plan needs no credit check and can beat a consolidation loan's rate. Here's the credit, cost and timeline differences, side by side.
Payoff methods
Debt Snowball App and Spreadsheet Template
Use Debtless as a free debt snowball app or download the spreadsheet template, then follow the ten-minute build instructions for your own sheet.
Payoff methods
Debt Avalanche Calculator: Order Debts by APR
Use a debt avalanche calculator to sort four debts by APR, roll payments forward, and compare the same numbers with a debt snowball.
Payoff methods
Debt Payoff Calculator With a Monthly Schedule
Enter balances, APRs, minimums and extra money to compare avalanche and snowball payoff dates, interest and a month-by-month schedule.
Payoff methods
Debt Snowball Calculator With a Monthly Schedule
Enter balances, APRs, minimums and extra money to calculate the snowball payoff order, debt-free date and month-by-month schedule.
Payoff methods
Debt Payoff Planner: A Preflight Checklist
Check what a debt payoff planner assumes before accepting its forecast: minimums, extra payments, rollover rules and completion limits.
Give your plan a place to live.
Track balances and compare payoff methods in Debtless. Free, with no account or bank connection.
