8 Best Debt Payoff Apps (Including Free Options)

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Getting into 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.

When you realize you have thousands of dollars of debt to pay off, it can seem insurmountable. This is 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.

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.

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. Bright Money

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.

Compatible with:

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

2. ChangeEd

Cost: $3/month

changed app

ChangEd is an excellent option for paying off student loans quickly. The platform intends to support 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.

Compatible with:

  • Android (Rating 4.4)
  • iOS (Rating 4.7)

3. Digit

Digit homepage

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

Digit is a multi-purpose app 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 a savings account. Then, you can manually transfer your balance to the loan servicer.

Along with the savings tools, the app can calculate 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.

Compatible with:

  • Android (Rating 4.5)
  • iOS (Rating 4.7)

4. Debt Payoff Planner

Cost: Free (ad-supported)

debt payoff planner app

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 for 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 play with different scenarios.

Compatible with:

  • Android (Rating 4.5)
  • iOS (Rating 4.7)

5. Debt Manager

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, the 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.

Compatible with: iOS (Rating 4.6)

6. Debt Payoff Assistant

Cost: Free (ad-supported)

Debt Payoff Assistant is a free app that works with iPhones, iPod Touch and iPad 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 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.

Compatible with: iOS (Rating 3.5)

7. Tally

Cost: Variable APR or $4.99 per month

meet tally app

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.

Compatible with:

  • Android (Rating 3.4)
  • iOS (Rating 4.5)

8. Unbury.me

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.

Compatible with:

  • Mobile browser (No rating)


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.