functions

[Sadiq]

How does this thing work. I got my bank account linked and other accounts. But how do you add you expences and income. Also, is there a way to add collection and other debt on here or is it just for credit cards etc? Please help. Tks

[Debtonate]

Sadiq - welcome to DebtGoal. Yes, you can add collections and other debt accounts too.

We support a few debt management and collection companies for linking accounts. If you do not find your company in the Search function when adding accounts, you can easily add these accounts manually. Choose the 'Enter Account Manually' option in Add Accounts page and follow the simple instructions. Once you have added these accounts, you only need to update their summary once every month and your plan will automatically recommend best payments for the month.

What kind of other debt do you plan to add? You can link your martgage, auto loans and student loans just as you have linked your credit cards. For other debt - medicals bills, loans from friends and family - you can add them manually. Again, enter the summary only once a month and see you rpayment recommendation as well as track progress.

Our SmartPay Plan focuses on debt payoff only. You do not need to enter your income or your expenses. You start with evaluating your current situation - how much is your total debt, how much total money you put towards your debt, what interest rates you pay on each account etc - and then commiting to pay a fixed amount to pay down every month. We recommend paying at least an amount that equals what you pay on your accounts today. This is the minimum amount you would pay every month to avoid deliquency, irrespective of what your income is or your other expenses. With our plan, we help you track yourpay down progress, no distractions no excuses.

Hope this helps. We'll be happy share more about simple budgeting tricks to help you determine how much you can spare towards debt every month. You should also try our Accelerator Actions to identify opportunities to cut costs and put more money towards debt.

Good luck and let us know if you added your other debt successfully.