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Debts Widget

The Debts Widget lets end users to see all their debts in one place and create an expedited payoff plan.

Debts Widget

Key Features​

  • View debts sorted by priority
  • For each account, see the balance, APR, final payment, and amount due
  • Select a debt payoff strategy
  • See and edit total monthly paydown
  • Filter the accounts shown

Debt Payoff Strategies​

Users can select one of the following debt payoff strategies:

  • Fastest payoff first: Debts are ordered by which debt you will pay off soonest, based on balance, APR, and minimum payment. This ordering is considered the standard snowball method.
  • Highest interest first: Debts are ordered from your highest APR to the lowest APR. This ordering is often referred to as the "avalanche method"; it can save you more money over the life of the debt.
  • Lowest balance first: Debts are ordered by balance from lowest to highest.
  • Highest balance first: Debts are ordered by balance from highest to lowest.

The list of debts are sorted by priority, which reflects the debt payoff strategy the user chooses.

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