Adding a Debt

Note: If you’re setting up Pay Off Debt for the first time, click here and follow these instructions instead, where you’ll add debts as a part of the process. If you just want to add a single new debt and have already set up your debt payoff plan, complete the following steps:

  1. Tap Settings.
  2. Tap Add Debt.
    You will be taken to the Add Debt screen.
  3. Tap the Name field and type in the name of your debt.
  4. Tap the Type option and choose the type of debt.
    (This sets the icon that will be associated with the debt. If you select the Mortgage/HELOC type, it will also add an additional field to the Debts screen.)
  5. Tap the Amount Owed field and enter the amount that you owe on the debt right now.

  6. Tap the Interest Rate (APR) field and enter the interest rate for the debt.
  7. Tap the Due Date field and enter the date of the month when the debt is due.
    (For example, if your debt is due on the 1st, enter 1. If it’s due on the 18th, enter 18.)
  8. Tap the Minimum Monthly Payment field and enter the amount of your minimum monthly payment.

  9. If the debt is not a Mortgage/HELOC type debt, skip this step.


    Tap the Amount of Minimum Monthly Payment that Goes to Escrow field and enter the amount of your minimum monthly payment that goes to escrow.
    (For example, if your mortgage payment is $1200, but $200 is set aside for escrow by your mortgage company, you would enter $200 here. If you don’t have escrow taken out, enter $0.)

  10. Tap Done.
    The keyboard will close.
  11. Tap Save.
    The debt will be added.