Debt Payoff Planners
Snowball pays off the smallest balance first for quick wins, avalanche targets the highest interest rate to save the most money. These calculators and planners lay out either order against your real balances and rates, and for debt loads too large for a spreadsheet to fix on its own, a couple of entries here are lenders and settlement firms instead of trackers.
- 1
A free, web-based debt payoff planner offering eight different strategies, including snowball, avalanche, highest monthly payment, and a fully custom order you set yourself. It can integrate with YNAB and has been running for over a decade with no account required to start.
- 2
An app that runs entirely offline with no login required, so your debt numbers never leave your device. It compares snowball against avalanche side by side with charts and payoff-date milestones, priced in tiers of roughly $3, $6, and $12 a month.
- 3
An app with over 4 million downloads that analyzes your spending, balances, and interest rates, then automatically applies extra payments toward debt on your behalf. It's free to download with a subscription fee for the core service, plus optional add-ons like a credit-builder line and cash advances.
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A completely free, no-signup debt calculator, about as simple as this category gets. Enter each debt's balance, rate, and minimum payment, and it returns a snowball or avalanche order along with a payoff graph.
- 5
Not a tracking app but a debt-consolidation lender, formerly known as Payoff, in business since 2009 and having funded more than $5.2 billion in loans. It offers $5,000 to $50,000 personal loans at roughly 7.95% to 29.99% APR to pay off high-interest credit cards in one move, and requires a FICO score of at least 640.
- 6
One of the largest debt-settlement companies in the country, founded in 2002, working on the same model as other settlement firms, you stop paying creditors directly, build a settlement fund, and the company negotiates lump-sum payoffs. Fees are only charged after a debt is actually settled.
- 7
A debt-settlement company, not a self-serve app, that negotiates with creditors to settle unsecured debt for less than the full balance owed. It's generally aimed at people with $7,500 or more in debt who can't realistically snowball or avalanche their way out alone, with fees typically running 15% to 25% of enrolled debt over a process that commonly takes two to four years.