10 Best Apps For Paying Off Debt

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Getting in debt can be so gradual that you don’t even know how you got there. When I first realized I had more than $4,000 in credit card debt, I was shocked.

How was it possible to rack up so much debt when I didn’t even remember spending it?

When you realize you have thousands of dollars of debt to pay off, it can seem insurmountable. This where tools such as debt payoff apps can really help get you on the right track and stay there.

Paying off debt takes time, but having the right tools makes the process easier. Once I realized I had several thousand dollars in credit card debt, my first move was to look at my statements to determine how I got there.

It took me many months of attacking my debt and throwing all extra cash at it, but it was finally gone.

The sense of freedom that comes from getting rid of your debt cannot be described. If you’re struggling with debt, I hope you can use one of these debt payoff apps to get rid of your debts once and for all.

Top Apps to Pay Off Debt

Trying to organize and manage all of the payments for your debts can be a challenge. That’s why having the right debt payoff app can make the difference when trying to pay off your debt quickly.

There are many different methods for organizing your payments and creating a payoff schedule. Each app has its own unique spin on the debt payoff process.

Before making a decision on which one to use, check out at least a couple of the options below.

Look at the interface to see if you find it intuitive. Also, make sure the app works well with your phone. Which one of the debt payoff apps below you choose depends entirely on your personal preferences.

To make the process easier, we’ve included several different options along with information about each app. Check out our top choices for the best debt payoff apps.

1. Tally

Tally homepage

Compatible with:

Cost: Variable APR or $4.99 per month

Tally is one of your best options for consolidating credit card debt.

Most users are eligible for a line of credit with a variable APR from 7.90% to 29.99%. This interest rate can be lower than your current credit card interest rate and the service assumes your card balance and you begin making payments to Tally.

There is also a card payoff service with a $4.99 monthly fee that doesn’t include a line of credit. Your balance remains on your existing card and the app makes a payment plan to help pay off your balance.

Your monthly line of credit payments can help improve your credit score through on-time payments. Additionally, the credit bureaus will see your remaining balance decrease.

The service also offers a Tally+ program to select members. If you qualify, you can enjoy an APR approximately 4% lower than ordinary users. You can also get access to a higher credit line which helps pay down your balances even sooner at a better APR.

2. ChangeEd

Compatible with:

Cost: $3/month

ChangEd is an excellent option for paying off student loans quickly. The platform intends on supporting other loans in the future.

First, you link your bank accounts and payment cards to the app. Next, ChangEd rounds up your purchase amount and places it in an FDIC-insured savings account.

You can also create savings rules and savings goals to automate small withdrawals in $5 increments. Then, the service makes extra student loan payments when your balance reaches $50.

It’s also possible to track your payoff progress for your linked loans in your member platform. The app works with federal and private student loans.

You can also earn rewards and receive contributions from family and friends to make additional contributions.

3. Qoins

Compatible with:

Cost: $4.99/month or $49.99/year

Qoins helps you pay off up to five debt accounts early by scheduling extra transfers from a linked bank account or spending roundups.

The supported account types include:

  • Auto loans
  • Credit cards
  • Mortgage
  • Student loans

You can also easily make extra payments with the Qoins Card. Participating merchants will make a special contribution when paying with this prepaid debit card.

While there are several ways to fund your additional payments, Qoins sends a single monthly distribution to your linked accounts. The app lets you track your remaining balance and payment history.

4. Unbury.me

Compatible with:

  • Mobile browser (No rating)

Cost: Free

Unbury.me provides a simple loan calculator accessible from any mobile browser or computer. There is no mobile app to download but you may consider bookmarking the page instead.

Additionally, you don’t have to create an account unless you want to save previous calculations.

First, you enter your loan’s remaining principal, current interest rate and minimum monthly payment.

After entering your loan details, you have two different payment strategies:

  • Highest interest rate (debt avalanche)
  • Lowest principal (debt snowball)

The calculator estimates your debt payoff date and total interest payment for either strategy. Each payoff chart is colorful and clearly shows how your balance decreases on the debt payoff timeline.

In most situations, the avalance payoff method helps you get out of debt quicker. However, your smaller account balances can remain active longer if they have a low interest rate as this approach attacks high-interest debt first.

While this service doesn’t provide the hands-on support like some debt payoff apps, it’s easy to set up and navigate.

5. Digit

Digit homepage

Compatible with:

Cost: $0 for the first 6 months and then $5 per month

Digit is a multi-purpose tool that strives to promote healthy habits like saving more money, reducing unnecessary expenses and paying off debt.

The app can round up purchases and schedule automated transfers. You can use these micro-deposits to save, invest or pay down credit card debt.

If you want to apply your savings to other debt types, you will need to opt for the savings account. Then, you can manually transfer your balance to the loan servicer.

Along with the savings tools, the app can calcualte your “safe to spend” amount to avoid overdrafts and exceeding your budget goals. The platform supports bill payments too.

Other unique perks include a debit card that can make it easier to spend safely and avoid common debit card fees. You can also open an automated investing account consisting of index funds and a risk-based strategy.

For the bill payment feature, you enter your bill payment details. Digit automatically transfers the money necessary for the bill into another account so you don’t accidentally spend it. This can help you avoid missing payments on your loans and recurring monthly bills.

6. Debt Payoff Planner

Compatible with:

Cost: Free (ad-supported)

Debt Payoff Planner is a free app that gives you the option to use either the debt snowball method or the debt avalanche method. The app can help you determine which strategy will work best with your situation.

To get started, you need to enter all of your debts, as well as your monthly payment budget — i.e., the amount of money you have every month to put toward your debts.

The Debt Payoff Planner reviews all the information and determines the optimum debt payment plan and how long it will take you until you can be debt-free.

There is no login required for the app. All you have to do is download it and enter your information. You can start using the debt payoff calculator right away and playing with different scenarios.

The clean interface shows you information like a payoff summary and a pie chart with your debt categories. It also includes payoff charts that simulate how making additional payments will affect your payoff date.

In addition to the debt payoff tools within the app, you will also find helpful articles focused on how to pay off different types of debt faster, tips on credit card balance transfers and strategies for debt consolidation.

7. Debt Manager

Compatible with: iOS (Rating 4.6)

Cost: 99 cents

Debt Manager is another app that uses the debt snowball method to help you pay off your debts. Like other apps on this list, it allows you to use different strategies.

These strategies include the debt avalanche method, highest balance first, or a custom order.

The app helps you organize, track and pay off an unlimited number of debts, including an individual analysis for each one. Payments may be entered as a percentage of the total balance.

In addition, the app allows you to enter introductory interest rates such as 5% for the first year and so on.

Other features include a monthly payment recording function. You can also keep track of your progress. Choose if you want to do monthly, weekly or bi-weekly payments.

If you make any extra payments, Debt Manager allows you to enter each one against the appropriate debt monthly, yearly or as a one-off payment.

Unlike other apps, you can also enter transactions against each debt that will increase the debt balance (such as an additional charge on your credit card).

The app also allows you to run scenarios with different interest rates or increases in monthly payments. Use the built-in calculators for monthly payments, extra payments, payoff date simulations and refinance benefits.

You can run interactive reports that let you compare debts side by side and feature an easy visualization of the debt breakdown.

All your debt details can be exported via email, including an overall summary or individual debts, as well as full amortization schedules and charts.  

The app offers passcode protection to keep your data safe. You can also set payment due notification reminders so you don’t miss any dates.

8. Debt Free

Compatible with: iOS (Rating 4.3)

Cost: 99 cents

If you’re looking for a flexible app that uses the debt snowball method, give Debt Free a try.

Reminder: The debt snowball revolves around paying off your debts from the smallest to the largest balance and building momentum as you pay off larger and larger balances — like a snowball rolling down a hill.

In addition to the debt snowball, Debt Free allows you to use other payoff strategies, including the debt avalanche method, highest balance first or a custom order.

As you choose each strategy, you see how this affects your total debt, the amount of interest you pay and debt payoff date.

The app allows you to track an unlimited number of debts and automatically updates your balances when you record a payment. As you add your data, you can create an amortization table with a complete payment schedule.

This allows you to view the interest, principal and remaining balance for each and every payment of debt. The built-in payoff date calculator shows you how your monthly payments will affect the payoff date and total interest paid.

Debt Free also lets you calculate the interest and time savings if you make any extra payments, which can be very motivating.

If you want to export your data, you can email your debt report and amortization schedule to yourself (or someone else such as your significant other).

The interface shows a percentages progress bar, which can serve as added motivation as you see each payment visually lower your debt load. You can also view your debts in pie-chart format by category and remaining debt.

9. Debt Payoff Assistant

Compatible with: iOS (Rating 3.5)

Cost: Free (ad supported)

Debt Payoff Assistant is a free app supported by ads. It works with iPhones, iPod Touch and iPad devices. There is no need to get a separate app for each one. Information will be linked across all of your devices.

This app allows you to use the debt snowball method as well as the debt avalanche method. With the debt snowball, you pay off the smallest balances first, giving you quick wins to help you stay motivated.

With the debt avalanche method you pay off the debt with the highest interest first, saving yourself more money in the long run. You can also order your debt payoff in a custom sequence.

Debt Payoff Assistant lets you to track your debt payments as well as extra principal payments that help you pay off your debt faster.

The app includes built-in calculators for the payoff date for each debt, as well as a mortgage calculator and a loan calculator.

You can run charts and reports including:

  • Total debts
  • Debts remaining
  • Total interest paid
  • Total interest saving
  • Debt payoff date
  • Debt payoff time savings

Each debt gets a progress bar that serves as a visual motivation toward bringing down the balance. The app will also alert you when you have a payment due.

There’s an option to customize what time of day you get your reminder.

In addition, you can run a complete amortization schedule that shows you interest, principal and remaining balance for every payment of the loan.

The payoff date calculator will show you how the monthly payment amount will affect the payoff date and total interest paid.

Other features include passcode protection, export capability and a large numeric keypad for easier and faster entry. The debt delete lock feature prevents accidental deletion of debts and payment tracking.

10. Bright Money

bright money home page

Compatible with:

  • Android (Rating: 4.7/5)
  • iOS (Rating: 4.8/5)

Cost: $14.99 per month; $53.94 bi-annual plan; $83.88 annual plan

Bright Money is focused on helping you pay off credit card debt and improve your credit score. But once you make some progress, you’ll be able to set savings goals, like saving for a down payment.

You’ll need to connect your checking account with Bright. After it’s connected, the app will use artificial intelligence to start transferring small amounts of money to your Bright Stash account.

The money moved won’t impact your ability to cover bills. Instead, the goal is to move money before you have a chance to accidentally overspend. If you aren’t comfortable giving Bright Money this much control, you can set up a regular transfer schedule or transfer the money manually when you see an opportunity.

As your Bright Stash grows, the funds will be used to reach your financial goals. For example, if you want to pay down credit card debt, the funds will be applied to that goal.

The downside to Bright Money is the membership costs. $14.99 per month is a bit steep. But if you can take advantage of the automatic money-moving features, it might be worth it. You’ll need to decide what is best for your budget.


Paying off debt and getting your finances in order is not an easy task. However, with the help of the debt payoff apps on this list, you can find the best repayment option for your particular situation.

One of the great things about going with an app is that you will always have your debt information handy. This means you can stay on top of your finances at all times so you can become debt-free faster.

Technology has made it easier than ever to keep track of the important aspects of your life. Debt payoff apps help you be more cognizant of your debt burden so you can work out a strategy for becoming debt free.

Bonus: Check out our new WKW Mortgage Payoff Calculator.

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