Question 1

Is PayoffPal free?

Accepted Answer

Yes. PayoffPal is completely free to use. No credit card, no trial — just sign up and start planning.

Question 2

Does PayoffPal connect to my bank accounts?

Accepted Answer

No. PayoffPal never connects to your bank. You enter your debts manually — balances, interest rates, and minimum payments. Your data stays with you.

Question 3

What's the difference between the debt snowball and debt avalanche?

Accepted Answer

Snowball pays the smallest balance first for quick wins and momentum. Avalanche pays the highest interest rate first, saving more money overall. Balanced is a weighted hybrid of the two. All three work — the best one is whichever you'll actually stick to. PayoffPal calculates all three so you can compare.

Question 4

How accurate are the payoff projections?

Accepted Answer

Projections are calculated from the balances, rates, and payment amounts you enter. They assume fixed rates and consistent payments. Real-world results will vary if rates change or you miss a payment, but the estimates are a reliable planning baseline.

Question 5

Is PayoffPal financial advice?

Accepted Answer

No. PayoffPal is an educational planning tool. It shows you projections and strategies based on numbers you provide — it doesn't account for your full financial picture. For advice tailored to your situation, talk to a qualified financial professional.

Question 6

Can I use PayoffPal for student loans, medical debt, or auto loans?

Accepted Answer

Yes. Any debt with a balance, interest rate, and minimum payment can be tracked — credit cards, student loans, medical bills, auto loans, personal loans, and more.

Question 7

What happens to my data?

Accepted Answer

Your debt data is stored securely and used only to power your plan. We don't sell your data. See our Privacy Policy for full details.

Question 8

Can I try it without creating an account?

Accepted Answer

Yes. The demo mode lets you run a full payoff projection without signing up. You'll need an account to save your plan and track progress over time.