DO YOU LIKE PROMO CODES? I KNOW I DO SAVE 20% ON UNDEBT.IT+. USE PROMO CODE TAKE20OFF | CLICK HERE FOR MORE INFO

Interest FAQs


Does Undebt.it support multiple interest rates?

Created February 19, 2021 38,425 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 32,178 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 27,536 Views

You can assign promotional interest rates to accounts on the Debt Details page in the Promotional Interest Rate section. Set the promo rate and the expiration month. The Use Promo Rate? check box turns the rate off and on, however, you don't need to turn the promo rate off when it expires. The Promo...read more