Some debt payoff apps are free, while others offer more advanced features and charge monthl💛y or annual fees ranging from a few bucks a month to several hundred dollars per year. 

꧂ Learn more about how much debt payoff apps cꦜost, their functions, and other options for getting out of debt.

How Much Do Debt Payoff Apps Cost?

Debt payoff app costs vary depending on the tool you choose. Some apps are free and not-for-profit, with no ads. Others rely on in-app ads to generate revenue. Still others have a free trial, a nominal monthly subscription fee, a one-time membership fee, or additional costs associated with services like subscription management or bill negotiation. Some tools include 澳洲幸运5开奖号码历史查询:debt consolidation/refinance loans or credit lines, w♛hich come🅠 with their own interest fees and origination fees.

For instance, th൲e simple debt calculator is av൲ailable at no cost and has no ads, but you’ll pay up to $14.99 per month for a full-featured app like after its 34-day free trial ends (or $99 annually, coming to $8.25 per month).

As you compare different options, consider any costs relative to the potential savings you could get from using t🥂he app consistently. If a certain app could help you repay debts you’ve struggled with for years, it could be worth paying a small fee in exchange for that relief and peace of mind. 

Here’s a look at the costs of some po♓pular debt payoff apps.

Costs of Different Types of Debt Payoff Apps

There are several types of debt payoff apps and services, each providing a different method to achieve the same goal: getting you out of debt. Some ar🅺e mobile apps or desktop apps, some are web-ba🐎sed, and some are downloadable spreadsheets.

Bill Organizers/Budget Planner Apps

If you have several types of debt and are struggling to prioritize monthly payments, a bill organizer or budget planner could be a useful solution. These apps help you organize your debts and guide you on which to pay off first. Often, they employ strategies like the 澳洲幸运5开🍬奖号码历史查询:debt snowball or debt avalanche methods to help you prioritize. 

One example of this type of app is , which has a free version and a premium version (Unde💟bt.it+), which costs just $12 annually. The free version includes the ability to add unlimited debt accounts, support for promotional interest rates (such as introductory APR credit cards), debt payoff method comparisons,🌸 and a downloadable payoff plan. The premium version includes features like account tracking and reporting, bill management, customized debt payoff plans, and more. 

Debt Reduction Spreadsheets

A simple spreadsheet to organize bills or 澳洲幸运5开奖号码历史查询:create a budget may suffice for those with few debts or household expenses. If you’re skilled with spreadshee♔ts, you could bui𝔉ld your own customized spreadsheet using Google Sheets or Microsoft Excel. 

But other options, like , let you work from an existing template. This approac🐼h could be easier if you don’t have the time for or interest in creating your own debt reduction spreadsheet. The basic versio𓄧n of the Vertex42 Debt Snowball Calculator is free, and there’s an upgraded version for $9.95.

Debt Consolidation/Refinance Apps

High-rate debt can be difficult to repay, as interest charges add up quickly. People struggling to keep up with multiple unsecured debts or high interest rates could benefit from a debt consolidation app. These apps typically have two components: a low-rate loan or credit line that lets you consolidate and refinance existing high-rate debt, and tools or guidance that help you better understᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚand and manage debt. 

If you’re able to refinance at a lower rate, you may save money compared to your previous debt accounts (just watch out for origination and other fees). If you consolidate multiple debts into a single loan or credit line, you can simplify your payment schedule. And, if you wind up with a longer pay🐬ment timeline, you may have lower monthly payments—but you’d also end up paying more for the debt over time.

is a typical example of a debt consolidation app. The basic, free version doesn’t come with any consolid💧ation tools, but the premium version offers a low-interest credit line to eligible users. The premium version of Tally is $300 annually; the company claims that most users save more than that by using the app.

Automated Bill Payment Apps

An automated bill payment app can help if you’re having trou𝓡ble keeping track of your monthly bills. These apps automatically pay your bills on their due dates, providing you with the assurance t🌌hat your bills like credit cards and loans will be paid on time. 

is one option for automating your monthly bills. It lets you easily track and manage all your credit card and loan accounts under one umbrella, automating payments but also alerting you when a payment is due. You can choose from a few membership plans, depeꦦnding on how long you want to use the service:

• Annual plan: $89 ($7.42/month)
• 6-month plan: $53.94 ($8.99/month)
• 3-month plan: $30 ($10.00/month)
• Monthly plan: $9.99/month

Best Debt Payoff Apps

Who Should Use a Debt Payoff App?

A debt payoff app could be a good solution for many people, including those with just a few debts, those with many debts, or those seeking assistance with managing their finances ꦇin general. Here are some pros and cons of using debt payoff apps.

How Much Do Other Debt Relief Options Cost?

Debt payoff apps can also be used alongside other debt relief options, including t♛he following. Note that some are more expensive than others and could affect your credit. 

• DIY budgeting and debt prioritization: This involves 澳洲幸运5开奖ꦓ号码历史查询:taking a deep dive into your finances and prioritizing your debts independently. While this may cost nothing, it can be time-consuming, as you’ll need to learn about different debt payoff strategies and build your own system for tracking your debts.
• Debt consolidation or refinance loans: A 澳洲幸运5开奖号码历史查询:debt ꦍconsolidation or refinance loan lets you pay off your high-interest debts with a new, lower-interest loan. Debt consolidation loans may include origination fees of up to 10% or more of the total loan amount, along with late payment fees, so include those costs as you’re deciding. 
• Credit counseling: 澳洲幸运5开奖号码历史查询:Credit counselors can help you better understand your debt and create a budget and repayment plan. They may be able to negotiate lower interest rates on your debt through a debt management plan. These services 澳洲幸运5开奖号码历史查询:generally cost money, but fees are relatively low. The CFPB offers these helpful sources to find a reputable credit counselor: the , the , and the U.S. Department of Justice’s .
• Debt settlement: Working with a 澳洲幸运5开奖号码历史查询:debt settlement company is an option if you’re faced with overwhelming debt, though it can be expensive and risky. Debt settlement also negatively impacts your credit, which is important to consider if you’re planning to apply for new credit shortly. 
• Bankruptcy: 澳洲幸运5开奖号码历史查询:Filing for bankruptcy may allow you to discharge some or all of your debts, but it comes at a high cost. Fees and filing costs could amount to thousands of dollars, and depending on whether you file Chapter 7 or 13 bankruptcy, it could damage your credit for up to 10 years. 

The Bottom Line

You don’t need to solve your debt problem alone—the right debt payoff app will make the process🌄 much simpler and give you a timeline to track your progress, which can be encouragingဣ. And with the wide variety of apps available, you should be able to find one to suit your unique financial needs.