The Debt screen tracks each debt you owe and projects when it clears under a payoff strategy you choose.
What this screen shows
The Debt payoff screen lists every debt you've added with its balance, APR, minimum payment, and cadence. Below that is a strategy setting and an extra-payment amount, a what-if consolidation comparison, and — once you have at least one debt — a payoff timeline showing month by month when each debt reaches zero and how much interest the plan costs in total.
How to use it
- Add a debt — name, current balance, APR (as a percentage), minimum payment, and payment cadence.
- Choose a strategy — avalanche pays the highest-APR debt first, snowball pays the smallest-balance debt first, and custom lets you set your own order using the Up/Down controls that appear next to each debt when custom is selected.
- Set an extra payment — an amount added on top of minimums each period, applied to whichever debt the strategy currently targets.
- Compare a hypothetical consolidation — check the debts a new loan or balance-transfer offer would cover, enter its APR, term, and one-time fee, and see the estimated monthly payment, total months, and total interest next to your current plan's numbers. If the terms you entered don't produce a payment that would ever pay off the new loan, or if the debts you didn't select can't pay off on their own under your current plan, NetWorthy flags the comparison as unreliable rather than showing you a misleading number.
- Read the payoff timeline — a chart of every debt's balance declining to zero under your current strategy and extra payment, alongside the total months and total interest for the whole plan.
Notes and limits
Every number on this screen — the payoff timeline, the total interest, the consolidation comparison — is a projection computed from the inputs you gave it, not personalized financial advice, and not a real loan offer. The consolidation comparison is stateless: it doesn't save the hypothetical offer anywhere, so re-running it with different terms simply replaces the last result. Debt currency is fixed to USD today.
Switching strategy or changing the extra payment recalculates the entire timeline immediately — there is no history of past strategies kept, so if you're comparing avalanche against snowball, note the totals from one before switching to see the other. The custom order is only used while custom is the selected strategy; switching away from custom and back preserves the order you last set. NetWorthy never makes a payment or contacts a lender on your behalf — every action here is planning only.