Undebt.it+ is an optional service that unlocks some cool premium features. There are plenty of features that the core (free) program has, Undebt.it+ is just a few add-on apps that you might find useful. It's also a great way to help pay for hosting and other expenses involved in running the site. Try it out, I think you'll like it.
Unlock some cool user interface options only available to Undebt.it+ users. There is a quick look right-sidebar that shows all of your debts and bills grouped by due date. The debt and bill details page also got upgraded. There is an inline bar chart that shows you the balance for a rolling 24 months so you can track your progress.
The Undebt.it bill management module was built from the ground up and designed to handle your recurring, non-debt expenses such as cable, phone, utilities, etc. Bill management is part of the optional Undebt.it+ suite and can be turned off if you don't want to use it. Here are some of the highlights:
Track your progress over time with historical graphs and charts. Watching those bars shrink every month is great motivation to keep you going. Undebt.it takes a snapshot of your account at the beginning of each month to help you visualize what your debts look like. The account categories help you quickly see how your debt is distributed. The trend line graph shows you monthly total information - like how much your snowball was or how much interest you have paid each month. Notice on the third graph (projected monthly stats) how additional payments (debt snowflakes) affect your payoff plan.
The Debt Blaster is an original budgeting idea I have developed to turbo-charge your existing debt payoff plan. Exclusive to Undebt.it, the Debt Blaster option automatically increases your monthly budget in small increments and adjusts your payment plan accordingly. The Blaster works with any of the Undebt.it payment plans and gives you the option of increasing your budget by a fixed amount or by a percentage each month.
The table below shows how the Blaster works with "fixed amount" option. You can see how the budget gets a compounding $10 increase every month.
This feature will allow you to try out different account restructure scenerios without having to modify your current setup. For example, let's say that you have three credit cards you want to payoff with a new line of credit loan with a lower interest rate. Just select the account(s) that will be paid off with the new loan and enter in the terms (interest rate, payment, etc.) of the new loan. Your new payment plan will be generated when you press the "preview" button. You'll be able to easily see if the new loan will be a better deal or not. The interest paid difference and your new paid off date will be shown.
Setup payment cruise control with account autopay. Checking this box will automatically apply your planned payment on the due date so you don't need to login and record the payment. You can choose which accounts to enable autopay. Also note the Reminder Days selector - it's used for text reminders mentioned in the section below.
Integrated in the Debt Dashboard page, the calendar payment planner view gives you quick access to your payment schedule. You can easily see what your planned payments are for any month in the future. The calendar is also now fully integrated with Bill Management
If you choose, you can have Undebt.it send you payment reminders right to your phone. First, add your mobile phone number on the My Account page, Profile Settings tab. Then you can set each account that you want to receive reminders. You have full control over when you get the messages. For example, you can have one account setup for a 4 day reminder and another account setup for a 1 day reminder.
The debt snowball table, which is part of the core service, shows a listing of your monthly payments for each account. However, it doesn't break down the balance, interest paid and snowball amount for each account. The amortization table shows you exactly where your money is going each month for each account. It's located on the debt details page of the account.