Debt Payoff Accelerator vs Cleared

Want to take control of your loan payments and save big? Our loan calculator offers a game-changing feature: inflation accounting. By adding just a little extra to your monthly payment, you can cut down your total interest and shorten your loan term by 2 to 3 times. The best part? The higher the interest rate, the more you’ll benefit from this feature as it helps you manage the compound interest! This tool is perfect for those who struggle with small rate increases and limited income—now everyone, regardless of their debt load, can start thinking about early repayment. And with the results, you can save your calculations as a PDF, share them instantly, or even print them out for easy reference. Plus, our ‘Smart Payment Schedule’ feature makes it even easier by combining extra payments quarterly or semi-annually in the early years. This simplifies the process and shows you exactly how much faster you can reduce your debt!

See the month you'll be debt-free. Cleared turns your debts into a plan. Enter each balance, interest rate and minimum payment, plus what you can put toward debt each month. Cleared works out the month every balance reaches zero, which debt to pay next, and what to pay each debt this month. Every payment you log moves the date. YOUR DEBT-FREE DATE • The month every balance reaches zero, worked out month by month with interest • How far you've come: percent paid off, still owed and paid so far • This month's payment to each debt, with the next one due first SNOWBALL, AVALANCHE OR YOUR OWN ORDER • Snowball: smallest balance first, for quick wins • Avalanche: highest interest rate first, to pay the least interest • My order: put your debts in any order you like • Each debt's payoff month, and a chart of every balance over time WHAT IF YOU PAID MORE? • Slide to add extra each month and see your new date and the interest you'd save • Compare your plan with paying only the minimums • Make the faster plan yours in one tap COLOR IT IN • A chart of squares, each one a slice of debt paid off • Color in the squares you've earned with your finger, or let Cleared fill them as you log payments • Dated milestones: each debt paid off, halfway there, debt-free LOG A PAYMENT IN SECONDS • A big number pad that starts at this month's planned amount • A celebration when a debt hits zero • Your payment history; deleting a payment puts it back on the balance ON YOUR HOME SCREEN AND LOCK SCREEN • Widgets for your debt-free date and your next payment • Ready for StandBy • Siri: "When am I debt-free in Cleared" and "Log a payment in Cleared" REMINDERS THAT HELP • The day before each planned payment is due • On the 1st of the month: this month's plan and your focus debt PRIVATE BY DESIGN • No bank login, no account, no ads, no tracking • Your plan stays on your phone, with an optional copy in your own iCloud • Optional Face ID lock • Backup files and a CSV export of your payments, any time FOLDED OR OPEN Runs on iPhone Duo: the cover screen shows your debt-free date and next payment. Cleared works on every other iPhone too. PAY ONCE. NO SUBSCRIPTION. Try every feature free for 14 days, with no card on file. After that, a one-time $19.99 unlock keeps Cleared planning for good, and Family Sharing covers your household. If you don't unlock, your plan stays viewable and exportable. Cleared is a planning tool. Estimates use the balances, rates and payments you enter; your lenders' numbers may differ. Not financial advice. Terms of use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/