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Advanced Features
5.5 Comparing Debt Payoff Methods
Undebt.it gives you the ability to quickly compare all of the payment methods at one time on
the Compare Methods page. You’ll see a cell for each supported payoff method along with
the summary information (average interest paid over the life of the plan, total interest to be
paid, month debt free).
The method you have selected to use will be highlighted in maroon. Notice how similar the
results of the payoff methods are – they will each get you out of debt within a month of each
other in the example above. Compare that to the black cell, no snowball (just paying the
minimums). This reinstates the fact that it doesn’t really matter which plan you use as long
as you pay extra each month.
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