Debt Payoff Planner 2.0 Help

Debt Payoff Planner – Debt Payoff Planner 2.0 Help

Debt Payoff Planner 2.0 Help

Table of Contents

App Walkthrough

Learn how to create a plan and track your progress with the new and improved Debt Payoff Planner

App Help and FAQ

Frequently Asked Questions

Desktop access is available at 

Note that multi-device access (using both mobile and desktop) is available to Pro members

Recurring funding is the money that you’ll need to set aside to pay off your debt. Below is an example where the combined minimum payments of all debts is $365, and an extra $34 is being applied to the debts once per month on the 1st. This means that each month you’d need to set aside $399 by the 1st of the month. On the Tracking page, there is a transaction called ‘Recurring funding’ in this amount of $399 on the 1st of the month. Marking this transaction as complete is how we acknowledge that this money is available for the month to pay toward our debts.

Debt Payoff Planner – Debt Payoff Planner 2.0 HelpDebt Payoff Planner – Debt Payoff Planner 2.0 Help

You are able to add in an additional payment(s) in the Tracking page. For example, in the debt below the payoff plan is telling you to pay $120, but you actually paid $200. You can modified the ‘Payment amount’ by clicking on the amount and changing it to $200. Once you save this, the whole plan will automatically be updated accordingly (no need to add in a one-time payment on the Strategy page for this; that’s for advanced planning). Furthermore, if you were to make the $120 minimum payment, and then come back later and add the other $80, you can record this as a Multiple transaction. This is shown in the second screenshot.
Additional payment Multiple transactions
  • Please check your spam folder and see if the email ended up there.
  • There is sometimes a delay from the email sender and the email will show up  within 5 minutes or so
  • If you don’t see the email after 5 minutes, try to click the ‘Resend code’ link. Oftentimes it will show up on the second attempt.
Debt Payoff Planner – Debt Payoff Planner 2.0 Help
  • If you are still not seeing an email, contact us at and let us know the name of your email address so we can help you out.

You can customize your extra payment priority by selecting one of the ‘Custom’ options in the ‘Extra payment priority’ page that is accessed from the ‘Strategy’ page. The actual custom order that corresponds to the strategy page is set in the Debts page. To change the custom priority, select ‘Custom’ from the ‘Sort by’ dropdown, ‘Edit’ the order, and drag-and-drop the debts. The debt in the top position will receive priority for the extra payments.

This message occurs when the plan is out of date. Since deleting a debt will reduce the minimum payment, the new minimum payment must start with an accurate accounting of all the remaining debts.
In order to resolve this, you can 1) record your completed transactions to get the plan up-to-date, or 2) adjust the ‘Next due date’ and ‘Current balance’ for the debts such that they are accurate. Once these are resolved you can proceed with deleting the debts.

When you have a debt repayment plan where the specified minimum payments are insufficient to cover the accruing interest, the app automatically recalculates the minimum amount necessary to break even on paying off your debt. 

You can inspect the Payoff timeline chart in each individual account to see which ones have an increasing balance. This indicates that the interest is accruing in excess of the payment.

When you are adding or editing a debt that will have accumulating interest you will receive a warning dialog asking if you would like to proceed. Most of the time this situation is due to incorrect data entry.

In some cases this situation is caused by a promotional APR and the Plan will still properly optimize for your chosen strategy. Promotional APRs often have a temporarily lower payment that will suddenly become much larger when the promo APR expires. Oftentimes people will specify their non-promo minimum payment in order to have a more realistic view of their debt payoff situation.

Debt Payoff timeline showing interest exceeding the payment

Warning message when interest exceeds the payment

You are able to reset your forgotten password by accessing the ‘Forgot password’ link on the ‘Sign in’ page. You can get there by going to Settings -> Sign out and click the ‘Forgot Password’ link. This will send you an email you can use to reset your password.

Occasionally the internet can be a bit finicky and you’ll see an error that says ‘Houston we have a problem’.

  1. Try and close the app and reopen it
  2. Try to switch from WiFi to Cell data or from Cell data to WiFi
  3. Try to clear out your network settings:
    • Turn off the WiFi and turn on airplane mode on the phone (so it’s completely disconnected from the internet)
    • Close the app (hard close it, not just backgrounding it)
    • Reopen the app (you should see an error about no connection)
    • Turn on the WiFi and turn off airplane mode
    • Reopen the app
  4. Clear out the Cache and Storage (on Android)
    Settings -> Apps -> Debt Payoff Planner -> Storage -> Clear Cache 
    This should remove any network settings that have gone stale.
    If that doesn’t work, try to clear all storage. Ensure you have a logged-in account to ensure all data is securely backed up. If you have any data in the old ‘Guest’ account (this is not typical), you’ll need to convert that to a logged in account first.
    When you are ready:
    Settings -> Apps -> Debt Payoff Planner -> Storage -> Clear Storage
  5. Try to wait a couple of days. We know this is frustrating, but most of the time it has to do with some configurations being set incorrectly somewhere in the internet and these get refreshed after a couple of day

This is the magic of the snowballing your payments when you pay off each debt! With Debt Payoff Planner once one debt gets paid off, that amount will go towards paying off the other debts faster. Because this snowballed amount is always in addition to the minimum payment, you are paying directly on your principal. Thus it’s common to see the case where you add your first debt and your payoff date is in 2 years, but when you add a second debt your payoff date for both is in only 1 year.

Debt Payoff Planner will automatically compute your total minimum payment so that it can cover all of your future payments, regardless of whether you have a monthly, biweekly, or weekly schedule. For debts that are paid biweekly, DPP will automatically compute a total minimum payment that can cover months where a biweekly debt needs to be paid 3 times. This can result in an occasional extra amount being applied to the debt on the months where there are only 2 payments. Let’s look at an example. In this case there is a single debt that is paid biweekly (every other Friday), but the ‘Recurring funding’ (the money you set aside to pay off your debts) is set to monthly. So we already know that some months will be paid twice and others 3 times.
Debt Payoff Planner – Debt Payoff Planner 2.0 HelpDebt Payoff Planner – Debt Payoff Planner 2.0 HelpDebt Payoff Planner – Debt Payoff Planner 2.0 Help
The automatically computed monthly minimum payment for the recurring funding is $1,350, which is 2.25X the biweekly minimum payment for the debt. This means that every 4 months there will be enough extra money to make the 3rd monthly payment. This is exactly what we see in the plan. We make 2 minimum payments for the months of March, April, and May. We set aside an extra $150 for the months of March, April, May, and June in order to make that additional $600 payment in June.
Debt Payoff Planner – Debt Payoff Planner 2.0 Help
The reason there is an extra $150 available in July is because there are 5 months until December, which is the next time we’ll have 3 payments due in the same month. The plan automatically figures out there would be this surplus, so it recommends you pay extra as soon as possible in order to payoff the debt fastest.
On the debts page you can change the ‘Sort by’ option to ‘Custom 1’, then click the ‘Edit’ button. This will allow you to drag-and-drop the debts to be whichever order you choose. Once you’re happy with the order, click the ‘Done’ button to lock-in your desired ordering.
If you also want the plan to prioritize paying off the debts in this custom order, you’ll want to make the ‘Extra payment priority’ be ‘Custom’ on the Strategy page.

At this time Debt Payoff Planner does not account for additional fixed costs associated with mortgages. You’ll want to exclude the escrow payment amount (taxes, insurance, and PMI) from the minimum payment amount you enter into DPP.

DPP always processes debts before fundings in order to guarantee that money will be available to make the payment.

If a one-time funding is on the same date as the debt which is the priority of the strategy, the app assigns the one-time funding to the subsequent payment for that debt. For example, if a one-time funding is scheduled for March 1 and the priority debt is also scheduled for March 1, the plan will recommend paying the extra on the debt on April 1.

If a one-time funding occurs prior to the first recurring funding, and there are payments to be made on debts prior to the first recurring funding, the one-time funding may be used to pay toward those debts. In this event, you may not be able to see where the one-time funding is applied because it is being used to fund the minimum payments.

You may have a DPP2 account that is not up-to-date with the latest DPP1 data. If you want a fresh migration of your DPP1 data into DPP2, you can go to Settings -> My account -> Delete account (at the bottom of the page) and delete the DPP2 account. Now go to the Sign-in page and sign-in using your regular DPP1 credentials. When it asks how you’d like to handle your existing DPP1 account, choose ‘Migrate’. Now you’re all up-to-date.

Please note that DPP1 and DPP2 do not sync. If you have made changes in DPP2, these will not show up in DPP1. This should be considered before deleting the DPP2 account in order to migrate the data again.

In order to update your device to use DPP2, all you need to do is uninstall and reinstall the Debt Payoff Planner from the App Store in order to clear out your DPP1 preference.
Please note 2 things: 
1) DPP1 and DPP2 data are not synced, so if you’ve made changes on one they will not show up in the other. 
2) Multi-device access in DPP2 is a Pro feature (along with all the other new benefits like biweekly payments and alternative minimum payment methods). This means if you are not planning to upgrade to Pro you’ll probably want to switch your device back to DPP1 by following the instructions here
To use the previous version:
  • On the ‘Sign up’ page click the link at the bottom of the page that says ‘Use DPP1 instead’ and confirm the selection by clicking the ‘OK’ button.
  • If you are already signed in, you can go to the ‘Settings’ menu and click ‘Sign out’. This will take you to the ‘Sign in’ page. Click the link at the bottom of the page that says ‘Sign up here’ to navigate to the ‘Sign up’ page.
Debt Payoff Planner – Debt Payoff Planner 2.0 HelpDebt Payoff Planner – Debt Payoff Planner 2.0 Help Debt Payoff Planner – Debt Payoff Planner 2.0 Help

Debt Payoff Planner account deletion instructions:

  • Navigate to the ‘My account’ page which is a menu option inside the ‘More’ page.
  • Scroll to the bottom of the page and click the ‘Delete account’.
  • Type in your password and press the ‘Confirm Password’ button in order to delete the account. If the password is unknown you can sign out of the application and click ‘Forgot password?’ on the ‘Sign in’ page in order to set a new password.
  • You will be asked for one final confirmation. Note that this deletion is permanent and cannot be recovered.
  • Data which will be deleted includes all account data and all user inputted data. The only data which is retained is the purchase information for Pro members such that they may continue to have access to paid features should they so desire.
  • Account deletion will propagate to any existing data backup according to the backup schedule.

Debt Payoff Planner – Debt Payoff Planner 2.0 Help

Contact Us

If you have any questions, comments, or suggestions, please email our support team at and we will get back to you promptly