Debt can feel like a weight on your shoulders. And no one wants to be weighed down—especially if you’re working towards something in your life. Whether you’re trying to save for a new home or just trying to clear the way for an awesome vacation, paying off your debt can feel like moving a mountain.
But you know what? It’s not as hard as it sounds. In fact, there are tons of ways to get rid of debt that don’t require any changes to your lifestyle at all! We’ve rounded up some of the best apps that will help you pay off whatever debts you have without sacrificing anything in your life. These apps are easy to integrate into your existing technology and easy to use right away.
Table of Contents
Best Apps For Paying Off Debt
Figuring out how to pay off debt can be a big challenge. There are different debt payoff methods, and the right one will depend on your specific situation. Of course, the hardest part is often finding the money for a larger monthly payment. These are areas where apps to help get out of debt can be a lifesaver. On our list of the best debt payoff apps, you’ll find the most highly rated options.
Jump To
Jump ahead
The Ascent’s best debt payoff apps:
- Debt Payoff Planner
- Qoins
- Digit
- Mint
How to pick the best debt payoff app for you
Typical debt payoff app fees and costs
FAQs
The Ascent’s best debt payoff apps:
Debt Payoff Planner: Best debt payoff app overall
Qoins: Best spare change app
Digit: Best debt payoff app for personalized debt payments
Mint: Best debt payoff app for money management - Debt Payoff Planner
Debt Payoff Planner
BEST DEBT PAYOFF APP OVERALL
Debt Payoff Planner
Learn More
Bottom line: If you want a detailed plan, then the best app to pay off debt is Debt Payoff Planner. It lets you add your debts and has eight loan categories, including auto loans, personal loans, and credit cards. For anything that doesn’t fit into one of those options, there’s a category for other types of loans. Then, you’ll enter your monthly payment budget and choose the type of debt payoff plan you want. Payoff options include the popular debt snowball and debt avalanche methods, as well as your own custom plan.
Debt Payoff Planner will show you the optimum payoff plan and calculate how long it will take before you’re debt-free with each option. This makes the app perfect for the many consumers stuck between the debt snowball vs. debt avalanche methods.
iOS app rating: 4.7/5 stars
Android app rating: 4.6/5 stars
Cost: Free to download with ads. Ad-Free Pro version is paid: $10 for two months; $18 for three months; or $24 for two years.
READ MORE >> Debt Payoff Planner review
RELATED: See The Ascent’s debt snowball calculator to see which debts you should pay off first.
- Qoins
Qoins
BEST SPARE CHANGE APP
Qoins
Learn More
Bottom line: Qoins is similar to another popular spare change app, Acorns. After you link it to your bank account, it rounds up your debit card transactions and saves the extra cash. A purchase for $9.50 could be rounded up to $10, which would add $0.50 to your balance with Qoins. At the end of each month, it puts all that cash, minus a $2.99 fee, towards an extra debt payment. If you have multiple debts, you can opt for a $4.99 per month plan.
This app is a huge help for those who want a hands-off approach to eliminating debt. Since it saves money and sends an extra monthly payment automatically, it doesn’t require any extra work on the user’s part.
iOS app rating: 4.7/5 stars
Android app rating: 4.0/5 stars
Cost: $2.99 per month per goal (Standard subscription); $4.99 per month for multiple goals (Pro subscription)
READ MORE >> Qoins review
- Digit
Digit
BEST DEBT PAYOFF APP FOR PERSONALIZED DEBT PAYMENTS
Digit
Learn More
Bottom line: Digit analyzes your income and spending habits after you connect it to your bank account. As it gets to know you, it saves what you can afford in your Digit account. It then divides these savings among the financial goals you’ve created. You can make as many goals as you want for savings and debt payoff.
While Digit isn’t strictly for paying off debt, it works very well for accomplishing that and other money goals. It works automatically, and since it analyzes your financial situation every day, it helps ensure you’re putting the right amount towards your debt.
iOS app rating: 4.7/5 stars
Android app rating: 4.6/5 stars
Cost: $5 per month (30-day free trial)
READ MORE >> Digitreview
- Mint
Mint
BEST DEBT PAYOFF APP FOR MONEY MANAGEMENT
Mint
Learn More
Bottom line: With Mint, you can connect all your financial accounts to one easy-to-use app. That includes your bank accounts, credit cards, loans, investments, and more. The app comes with an expense tracking feature and a budgeting tool that can help you reduce your spending. In addition, it has a bill tracker with payment reminders.
Since it offers so many features, Mint is ideal if you want a budget app that helps you pay off debt and improve your overall personal finance. The best part about it is that it keeps all your accounts in a single place.
iOS app rating: 4.8/5 stars
Android app rating: 4.5/5 stars
Cost: Free
READ MORE >> Mint review
How debt payoff apps can help you
Debt payoff apps help you reduce and eventually eliminate your debt. The way this works depends on the app. Here are the most common features of apps to help you pay off debt:
Payment planning: Gives you a step-by-step plan for paying off debt based on how much you owe, the interest rate, and your monthly payment amount. These apps often include different payoff options and compare their results. For example, the Debt Payoff Planner app lets you compare different strategies, including the debt snowball and debt avalanche methods.
Automated debt payoff: Some of the most popular apps to help get out of debt automate the process as much as possible. Qoins rounds up debit card transactions and then sends that cash as an extra debt payment at the end of the month. Additionally, Digit analyzes your bank accounts and makes withdrawals that you can afford to assign to the financial goals you’ve set.
Tracking and reducing spending: Debt payoff apps that connect to your financial accounts can record your expenses and make recommendations on how to budget. If you follow these tips, it will free up more money for paying off debt. Also, these apps can help you decide which debts to pay off first, like credit card debt and other high-interest debt.
Learning about your options and making goals to pay off debt and learning can reap big benefits. By paying down your debt more quickly, you could save money on interest. You could also find ways to consolidate your debt.
Debt consolidation is when you get either a personal loan or a balance transfer credit card to pay off your debt. Then, you just need to worry about the single monthly loan or credit card payment, instead of multiple. You may get a lower interest rate, too.
Another benefit of paying off debt is that it can increase your credit score. Debt can hurt your credit, especially credit card debt. As you pay it off, your credit score should go up. Some debt payoff apps, such as Mint, even allow you to track your credit score.
How to pick the best debt payoff app for you
To pick the best app for debt, think about what you need help with the most. After you answer that, you’ll know which type of app to look for. Here are the most common examples:
Are you looking for the fastest or cheapest way to pay off debt? A debt payoff app that lets you compare different payoff methods, such as Debt Payoff Planner, is exactly what you need.
Do you have trouble paying more than the minimum each month? You should go with a debt payoff app that automatically saves money for you, such as Qoins or Digit. These apps do the work for you — all you need to do is set them up.
Would you like to take a hands-on approach with your debt and be as involved as possible? Payment planning would still work well as a guide. Still, you decide how much to put toward your debt each month.
Are you interested in an app to manage all your accounts and cut your spending? Try an all-purpose money management app, such as Mint. These apps typically let you set financial goals, like decreasing debt, and then make suggestions to help you reach them. In addition to debt payoff, they also give you one handy place where you can see all your financial accounts.
Since debt payoff apps work differently, it’s all about finding the one that matches your needs. For some consumers, they need an app that will help them put more money toward their debt payments automatically. Others want an app that will give them a detailed debt repayment plan. Whatever you’re looking for, there are plenty of apps available with the right features.
Typical debt payoff app fees and costs
Some debt payoff apps are completely free of charge, but others have fees. Monthly subscriptions are the most common type, and there may be the option to pay a yearly fee and get a discount.
Even when debt payoff apps have fees, they’re not very expensive. Most cost $5 per month or less. That’s not a huge price to pay if the app helps you get debt under control, especially since you’ll only need it until you finish paying off what you owe.
FAQs
Are debt payoff apps free to use?
How do debt payoff apps work?
Are debt payoff apps safe?
Are debt payoff apps free?
How do debt payoff apps work?
apps like tally
Top alternatives for Tally
Jotform Apps
Create powerful apps with no code
Promoted
Petal
Petal
4.2★
14 reviews
Build credit, track spending and manage money better, all with no credit score required.
diymanik
Just moved to SF from Canada and I’ve spent the past month and a half struggling to get my finances setup. I don’t have a credit history and…
See more
Learn more
👍 Recommend
👎
See 10 alternatives to Petal
Mercury
Mercury
1.9★
44 reviews
Get FDIC-insured accounts, API access, virtual/physical debit cards, currency exchange, venture debt, & more. *Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust ®️; Members FDIC
Show More
Matthew Bauer
Great user interface, finally a usable bank for businesses!
Learn more
👍 Recommend
👎
See 29 alternatives to Mercury
Uber Credit Card
Uber Credit Card
4.1★
3 reviews
The Uber Credit Card offers:
🍽 4% back on dining
✈️ 3% back on hotel and air fair
🖥 2% for online purchases
😻 1% back on everything else
There’s no annual fee. Also earn $100 after spending $500 on purchases in the first 90 days.
Show More
Glenn Martin
Nothing more to say
Learn more
👍 Recommend
👎
See 32 alternatives to Uber Credit Card
Sift
4.5★
10 reviews
Sift automatically gets you money back when prices drop and unlocks all the other great hidden benefits that you probably were not aware of! Sift analyzes hidden benefits that are buried in complex credit card policies and files the appropriate claims on user’s behalf, getting consumers back tens of billions currently left on the table every year.
Show More
Ville Penttila
Keep up the good work
Learn more
👍 Recommend
👎
See 17 alternatives to Sift
Affirm
Affirm
4.3★
5 reviews
With Affirm, you can split almost any online purchase into easy monthly payments. Unlike a credit card, there are no hidden fees and no surprises. Just enter a few pieces of information for a real-time decision, then choose the payment schedule that works for you!
Show More
Rebecca Garcia
I have been using Affirm for large purchases $500+ from tech/e-commerce companies like Leesa (mattress), Casper (mattress) and Peloton (indo…
See more
Learn more
👍 Recommend
👎
See 4 alternatives to Affirm
Final 2.0
Leave a review
Credit card that helps tame subscriptions and conquer fraud
Learn more
👍 Recommend
👎
See 7 alternatives to Final 2.0
Pinch
Pinch
3.8★
2 reviews
Credit bureaus use your apartment rental payments today to calculate your credit score, but only if your rental payments are on your credit report. Pinch is the only mobile app that lets you, a tenant, report your rent payments to all 3 major credit bureaus and improve your credit score. Best of all, Pinch is completely free to use.
Show More
Erik Ducker
None
Learn more
👍 Recommend
👎
See 10 alternatives to Pinch
Penta
Penta
4.7★
5 reviews
Penta is a free business bank account for European businesses. Sign up online for free at www.getpenta.com
Lav Odorovic
Obviously biased 🙂 However, Penta aims to provide world class banking services to small businesses. Join us!
Learn more
👍 Recommend
👎
See 36 alternatives to Penta
Tellus 2.0
Tellus 2.0
4.8★
3 reviews
Tellus is a comprehensive real estate management platform for investors, homeowners, landlords, renter, property managers, agents, and service professionals.
Show More
Learn more
👍 Recommend
👎
See 18 alternatives to Tellus 2.0
Cushion
Cushion
3.3★
47 reviews
Get back money wasted on bank fees & credit card interest.
Cushion is currently in Private Beta. Our bot (Fee Fighter) is successfully waiving all kinds of costly bank fees for our users: ATM fees, late fees, wire fees, overdraft fees, credit card interest charges, and more 💰
Show More
Tom Uebel
I’ve been on the beta for awhile and it’s gotten me back ~$100 two separate times and hasn’t needlessly nagged me when there weren’t any fee…
See more
Learn more
👍 Recommend
👎
See 9 alternatives to Cushion
Petal
Petal
Leave a review
Petal is a no-fee credit card designed to help you manage money and start building credit, even if you’ve never had credit before.
The wait is over — applications for Petal are now available to the public, with a fresh new iOS app.
The Petal credit card is issued by WebBank, Member FDIC. Variable interest rates range from 14.74% – 25.74%.
Show More
Learn more
👍 Recommend
👎
See 6 alternatives to Petal
Ramp Vendor Management
4.6★
1 review
Introducing Ramp Vendor Management – a new way to track and manage payments to all vendors across a company. Ramp is the only corporate card that enables businesses to predict and control recurring expenses before they happen. Get peace of mind at every swipe.
Show More
Learn more
👍 Recommend
👎
See 10 alternatives to Ramp Vendor Management
Plastiq
Plastiq
5.0★
1 review
Plastiq makes payment by credit card simple. You can choose your card, no matter what it is, and pay for your needs. The results of using Plastiq will be fewer worries and late payments reduction.
Show More
Landon Howell
If you are looking for a way to capture more card rewards, better control your cash flow, or simply control when and how you spend your mone…
See more
Learn more
👍 Recommend
👎
See 19 alternatives to Plastiq
Tellus
Tellus
4.9★
8 reviews
Tellus is the all-in-one rental management solution for landlords, property managers, and tenants.
Featuring online rent payment, tenant screening, rental listing, expense tracking, repairs, chat, and digital leases.
Show More
Adam Crownoble
It’s great to finally be able to pay rent without writing checks or dealing with some clunky web app.
Learn more
👍 Recommend
👎
See 13 alternatives to Tellus
nerdwallet
nerdwallet
Leave a review
Quora for Finance
Learn more
👍 Recommend
👎
See 10 alternatives to nerdwallet
Debx
5.0★
1 review
Debx is a free personal finance app that automatically pays off everyday credit card purchases as they happen.
PH’ers only get $15 towards paying off your first bill with Debx. Just download and enroll via https://go.onelink.me/app/prodhunt
Show More
Randall Drumheller
Manage all of your credit cards in a central location, automate all payments or trigger individual payments directly from the app
Learn more
👍 Recommend
👎
See 20 alternatives to Debx
Venmo Credit Card
Venmo Credit Card
Leave a review
Starting to roll out today to select customers, the Venmo Credit Card provides a unique and special experience that only Venmo can offer, allowing you to access all of the Venmo features you already know and love in an easy-to-use card.
Show More
Learn more
👍 Recommend
👎
See 10 alternatives to Venmo Credit Card
The NEW Finimize for iPhone
4.6★
4 reviews
The new Finimize iPhone app lets you learn finance kind of like learning a new language: you can learn about any financial topic by reading or listening to a Finimize Pack. Basically, you can picture the app being like a Headspace for finance.
Show More
Learn more
👍 Recommend
👎
See 6 alternatives to The NEW Finimize for iPhone
After Pay
After Pay
Leave a review
Afterpay is fully integrated with all your favourite shops. Shop as usual, then choose Afterpay as your payment method at checkout. First-time customers complete a quick registration, returning customers simply log in.
Show More
Learn more
👍 Recommend
👎
See 7 alternatives to After Pay
Moneyspire
Moneyspire
Leave a review
User friendly & powerful personal finance software
Learn more
👍 Recommend
👎
See 15 alternatives to Moneyspire
Lifesaver
Lifesaver
Leave a review
Lifesaver is the first all-inclusive financial hub that allows users to discover, learn about, open, rate and manage accounts of any kind from institutions small and large around the U.S.
Show More
Learn more
👍 Recommend
👎
See 10 alternatives to Lifesaver
Kualto
Kualto
Leave a review
Organize and manage your expenses by forecasting your cash flow.
See what will be due and what your balance will be on any given future week. This way you’ll know how much you can afford, and how much you can save.
This is a big-picture approach to budgeting. As long as your future balance isn’t going negative, you are good to go!
Show More
Learn more
👍 Recommend
👎
See 20 alternatives to Kualto
FluxCredit™
FluxCredit™
Leave a review
FluxCredit™ is a BBB accredited, all-inclusive solution to legally eliminate debts, perfect your credit & earn cash back towards a VISA secured credit card.
Show More
Learn more
👍 Recommend
👎
See 6 alternatives to FluxCredit™
Bank Yogi
Bank Yogi
5.0★
1 review
Bank Yogi takes the mystery out of credit card benefits. It offers Free Extended Warranty, Car Rental & Travel Insurance. Bank Yogi currently serves customers from 650+ banks. Bank Yogi is absolutely free to the consumers. It is secured by military grade encryption. Bank Yogi also has chat and voice bots at all major platforms.
Show More
Prab Sandhu
Bank Yogi empowers users with the information on credit card benefits, makes them savvy buyers, and saves money. It has an app that enables…
See more
Learn more
👍 Recommend
👎
See 8 alternatives to Bank Yogi
Birch
Birch
Leave a review
Maximize your credit card rewards and spending in real time
Learn more
👍 Recommend
👎
See 6 alternatives to Birch
Conclusion
Let us know your thoughts in the comment section below.
Check out other publications to gain access to more digital resources if you are just starting out with Flux Resource.
Also contact us today to optimize your business(s)/Brand(s) for Search Engines