FORMS & DOCUMENTS / Personal planning

Debt Payoff Plan

Turn your balances into a clear monthly plan and see which debt to focus on next.

A HAND WHEN YOU NEED IT

One step at a time.

Gather the latest statement for every debt you want to include. Enter its name, balance, annual interest rate and required monthly payment. Mark accounts with unusual terms for review.
Cover essential household bills and all required debt payments first. Use the Monthly Household Budget to choose any affordable extra payment.
Choose highest interest first to focus on the costliest rate, or smallest balance first to clear smaller balances sooner. Keep paying the required amount on every other account.
When a debt is paid off, keep the full monthly payment budget working on the next debt. Review your statements each month and update the plan as balances or terms change.
Review past-due accounts, collections, disputes and special terms with IIMBC before relying on this payoff order. The website estimate assumes fixed entered rates and minimums, monthly APR / 12, and no new fees or charges.

A little help, right here.

Select a field or its question mark for a plain-language explanation.

What you type stays on this page. Use Download to keep a copy before you leave.