Interest FAQs

Q: How do I handle promo interest rates?

Open the debt from your Account List, go to the Settings tab on its Debt Details page and, under Promotional & Deferred Interest, turn on This account has a promotional interest rate. Enter the promo rate and the month it expires, then click Save Promo Settings. Undebt.it uses the promo rate until it expires and your regular rate after that.

Q: How do I pay off a debt by a certain date?

Open the debt from your Account List, go to the Settings tab on its Debt Details page and use Pay Off By a Date to pick the month it has to be paid off by. Your plan then sets aside a steady amount for it each month so it's gone by the end of that month, and the rest of your monthly payment follows your payoff order as usual. If your budget can't make the date, the page tells you what it would take. Pay Off By a Date is an Undebt.it+ feature.

Account and Login 9 Bank Sync 4 Bill Tracker 6 Budget 6 Export and Print 5 Getting Started 15 Interest 4 Loan Types 5 Mobile 4 Payments 15 Payoff Methods 10 Snowball Table 12 Snowflakes 3 Student Loans 1 Undebt.it+ Membership 15 YNAB 5

Does Undebt.it support multiple interest rates?

Created February 19, 2021 39,210 Views

Undebt.it does not yet support multiple, tiered interest rates. However, it's high on my list of things to do. One thing you can do in the meantime is figure out the weighted interest rate of the tiers and use that as your interest rate. Tiered interest rates are when you have an account with some ...read more

How is monthly interest accrual handled?

Created February 17, 2021 33,079 Views

Interest is automatically accrued (added to the balance of your account once a month) - you do not need to manually add the interest charges. The day of your account's due date is used as the accrual date. For example, if you have an account that is due on 3/29, the interest will be accrued every mo...read more

How do I handle promo interest rates?

Created November 17, 2022 28,443 Views

Open the debt from your Account List and go to the Settings tab on its Debt Details page. Under Promotional & Deferred Interest: Turn on This account has a promotional interest rate. Enter the Promo Rate (%), for example 0. Choose the month and year under Promo Expires. Click Save Promo Setting...read more

How do I pay off a debt by a certain date?

Created October 3, 2026 469 Views

Some debts come with a deadline: a holiday that has to be paid off before you travel, a 0% offer with deferred interest, a buy now, pay later plan or a tax bill. Undebt.it+ members can give any debt a pay-off date, and the plan makes sure it's paid off by then. Setting a pay-off date Open the de...read more