Frequently Asked Questions
How does Debt Free Tracker calculate my debt-free date?
Debt Free Tracker uses daily interest accrual and your chosen payoff strategy — avalanche or snowball — to project exactly when each debt reaches zero and when you make your last payment. No bank login is required; you enter your balance, APR, minimum payment, and due date.
What is the debt avalanche method?
The debt avalanche method focuses extra payments on the debt with the highest APR first, while making minimum payments on all others. It minimizes the total interest you pay over the life of your debts.
What is the debt snowball method?
The debt snowball method focuses extra payments on the smallest balance first, while making minimum payments on all others. Paying off a debt quickly gives you a psychological win that keeps you motivated.
Which debt payoff strategy is best for me?
It depends on your goals. The avalanche method saves the most money in interest. The snowball method builds momentum with quick early wins. Debt Free Tracker shows you both side by side — the payoff dates and total interest for each strategy — so you can pick the one that fits how you work.
Is Debt Free Tracker free?
Yes. Debt Free Tracker is free to use. No credit card required, no subscription.
What information does Debt Free Tracker need?
Debt Free Tracker only needs your debt name, current balance, APR, minimum payment, and due date. It does not require your bank login, account numbers, or bank transaction feed — only the numbers the payoff math needs.
Is my financial data secure?
Yes. We never ask for or store your bank login or account numbers — only the debt figures you enter, kept private to your account. Our Privacy page covers exactly what we collect, how it’s protected, and how to delete it.
Can I connect an AI assistant like Claude to Debt Free Tracker?
Yes. You can connect your own AI assistant, such as Claude, to read your debt data in Debt Free Tracker. It can only read your debts, your logged payments, and your active payoff strategy. It cannot make any changes to your debts or payments — it cannot add, edit, or delete them — and it does not calculate payoff dates or interest projections, which stay inside the app. You authorize the connection yourself, the same way you sign in to Debt Free Tracker, so there is no separate password to create or share. To set it up, point the connector settings in your AI client at https://debtfreetracker.com/api/mcp and approve the connection when prompted.