Best Debt Payoff Apps

Alarm clocks, notepads, novels, and calendars are all accessible from an app on your phone. So, it should be no surprise that consumers can find debt payoff apps on their smartphone, tablet, or desktop.

These are apps that can help you manage your money more effectively, establish a budget, and rapidly pay down high-interest debts. Below we've outlined some of the best debt payoff apps to take control of your finances today.

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    How Do Debt Payoff Apps Work?

    Debt payoff apps work by organizing your debts into a user-friendly hub where you can easily facilitate payments and monitor account activity. These apps may suggest strategies for paying off debt and helpful tools like graphs and educational materials to help you understand your finances and manage credit card debt.

    Here are a few ways that debt payoff apps can make your life easier.

    • Automate the payoff process: Schedule weekly, monthly, or bi-monthly payments to ensure on-time payments and reduce the likelihood of late fees.
    • Snapshot of your financial health: Debt payoff apps break down your income and expenses, providing a holistic view of your finances. They can act as a hub from which you can view many details related to your bank and credit accounts.
    • Effective way to tackle multiple debts: Debt payoff apps offer unique solutions to fit your circumstances. There are many methods for tackling debt, and many debt payoff apps can analyze your finances before suggesting the optimal solution for reaching your goals.

    Debt Payoff Planner

    Cost: Free with ads; $2/month for pro
    Current User Ratings: App Store: 4.7; Google Play: 4.5

    Where It’s Available: IOS, Android

    As the name says, Debt Payoff Planner is an app designed to help consumers construct a detailed plan to pay off their debts. It simplifies the payoff process through a user-friendly UI that encourages users to stay on the app and track their goals. This app can minimize the anxiety of monitoring multiple credit cards, loans, car payments, and medical bills. Select from several payoff strategies while displaying your remaining balances, APRs, and minimum payments through vibrant, easy-to-read graphs.



    Cost: $3/month for Basic; $6/month for Complete; $12/month for Premier
    Current User Ratings: App Store: 4.8; Google Play: 4.4

    Where It’s Available: iOS, Android

    Qapital is an app designed to take the hassle out of saving and investing. It lets you set goals through a neat interface to help you visualize your trade-offs and long-term financial goals. You can set aside money for specific debts and reduce your recurring burdens. The app will organize your finances, helping you control your expenses. It also provides free educational material that will help you understand how to manage your money.



    Cost: $46.94
    Current User Ratings: N/A

    Where It’s Available: Desktop

    Unlike many apps on this list, Zilchworks is a program users must download to their computer. After downloading Zilchworks, you will enter your debt info, and the app will design a personalized plan in about 10 minutes. Zilchworks is a solid option for security-conscious users; as it runs entirely offline, your data will be safe from exposure to hackers.


    Cost: $12/year for premium
    Current User Ratings: N/A

    Where It’s Available: Desktop generates an easy-to-follow payment plan for paying down debts. You can choose from up to eight different debt payoff methods that will help accelerate the process. The two most popular plans are known as debt snowball and debt avalanche. You are not limited to one plan and can switch it up whenever you like. All you need to get started is your budget and basic account info; will take it from there.


    Cost: Free
    Current User Ratings: N/A

    Where It’s Available: Desktop is a loan calculator with an easy-to-use UI that gets straight to the point. Enter your loan info directly onto the homepage. This includes loan name, principal, interest, and monthly minimum. After plugging in your loan info, the dashboard will populate with:

    • Principal Paid
    • ​Interest Paid
    • ​Average Interest Rate
    • Payoff Date

    A graph will also display the principal, interest, monthly payments, and percentage that goes toward the principal. will let you visualize your debt in a way that makes it easier to digest while suggesting the most effective payment plans for tackling it.



    Cost: Free
    Current User Ratings: N/A

    Where It’s Available: Desktop

    Vertex42 is a spreadsheet-configured template that you can use to manage your finances. This program has an active online community you can reach out to for feedback and a user-friendly layout that makes navigation easy. Vertex42 is integrated with Microsoft Excel; you will need version 2003 or later to run this software. This program lets you edit, add, or delete different categories to organize your debts. The transactions worksheet lets you record your transfers, purchases, deposits, and withdrawals.


    Debt Payoff Assistant

    Cost: Free
    Current User Ratings: App Store: 3.8

    Where It’s Available: iOS

    Debt Payoff Assistant is a free app that Apple users can download from iOS. It lets you track multiple debts while displaying balance, interest rate, monthly payment amount, and due date through a user-friendly UI. It even features an option to add an extra amount to your monthly payments to accelerate the payoff process.


    Bright Money

    Cost: $6.99/month paid annually; $8.99/month paid semi-annually or $14.99/month
    Current User Ratings: App Store: 4.8; Google Play: 4.7

    Where It’s Available: iOS, Android

    Bright Money is a financial management app that can help eliminate debt, boost your credit score, and build savings. This app is ideal for consumers focused on paying down credit card debt. It will optimize your payments by analyzing your spending, balances, and APRs. Bright Money can automatically draw funds from your bank account and direct them toward your credit card balances in an efficient and cost-effective way.

    How Debt Payoff Apps Can Help You Reduce Your Debt

    Payment planning: Debt payoff apps help organize large amounts of financial data accurately and precisely. These apps can help you understand which debt to pay off first and will do so promptly and efficiently.

    Automated payoff: Debt payoff apps will set up automatic payments so that you don’t have to remind yourself about several bills to pay each month. This will minimize the chance of late fees and ensure you’re paying off your debt as quickly as possible.

    Tracking and monitoring spending: Debt payoff apps come with tools that make it easy to keep track of your income and expenses. They usually include a user-friendly interface that’s easy to navigate and may provide real-time updates that account for your spending habits and new debt amounts.

    Here are two proven strategies for paying off debt: The first method is known as debt stacking, and here’s how it works:

    • Determine how much money you will spend on debt for the month.
    • Choose an account to target first, and make large payments to that account.
    • Make minimum payments on the rest.
    • After paying off the targeted account, direct your funds toward the next account.
    • You’re still spending the same amount of money every month, but over time you will direct a larger and larger degree of funds toward paying down each debt.

    The second method, debt avalanche, is an effective strategy for paying down debts and saving money on interest. This method requires you to pay off the debt with the highest amount of interest first. After paying off this account, you will pay down the account with the second highest interest, and so on.

    Are Debt Payoff Apps Safe?

    Most apps on iOS or Android are safe to use and secured by encrypted technology that keeps your data safe from hackers. However, read reviews and practice diligence before sharing sensitive financial information. Always use a reputable app with a significant online brand presence and reviews.

    Additional Financial Resources

    • Making a budget: You need to plan a budget that breaks down your income and expenses in a way that’s easy to visualize. This way, you know exactly where your money goes and can prioritize what matters against what is ultimately wasteful. Seeing how much you spend on streaming services versus groceries can be pretty eye-opening. Budgeting is the first step towards getting rid of debt.
    • Debt consolidation: This method organizes several debts into a single, more manageable payment. This can also restructure your debt by changing the loan term or interest rate, affecting your monthly minimum payments. There are many ways to consolidate debt, from taking out loans to enrolling in debt management programs.
    • Debt management: This is a strategy for paying off credit card debt without the aid of a loan. These programs are run by nonprofit credit counseling agencies that help borrowers simplify and reduce their monthly payment obligations while providing financial education to manage their money effectively.
    • Debt settlement: Settling your debt can help you pay off your debts for a smaller amount than what you owe. However, these programs often include fees that can reduce the likelihood of walking away with much savings. These programs are still a better option than bankruptcy and can be an effective way for many borrowers to overcome their debt burden.

    Speak to a Credit Counselor to Help Manage Your Debt

    There are a lot of online tools that can help manage your money, but these are in no way substitutes for dedicated assistance from someone with expertise and experience in helping people deal with debt.

    InCharge Debt Solutions offers a nonprofit credit counseling service that can help you manage your finances. Speak with a credit counselor today to learn more about how to efficiently pay down debts so that you can live a life of financial freedom.


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    2. N.A. (ND) How Zilch Works Step 1. Retrieved from
    3. N.A. (ND) Spreadsheet templates, calculators, and calendars. Retrieved from
    4. N.A. (ND) What is Bright? Retrieved from
    5. N.A. (ND) Getting started with Qapital. Retrieved from