Adding Debts
Learn how to add and manage your debts in BeDebtFree for accurate tracking and planning.
Adding Your First Debt
To add a debt to BeDebtFree, navigate to the Debts section and click the Add Debt button. You will need the following information:
Required Information
Debt Name - A friendly name to identify this debt (e.g., Chase Sapphire Card)
Current Balance - The total amount you currently owe
Interest Rate (APR) - The annual percentage rate charged on the debt
Minimum Payment - The minimum monthly payment required
Optional Information
Debt Category - Helps organize your debts by type
Due Date - When your monthly payment is due
Notes - Any additional information you want to track
Where to Find Your Debt Information
You can find the required information on:
Your monthly statement
Your creditor's website or app
Your credit report
Editing and Deleting Debts
You can edit any debt by clicking on it in your debt list. Update the balance, interest rate, or any other details as needed. If you have paid off a debt or added one by mistake, you can delete it from the debt detail page.
Automatic Balance Updates
For the most accurate tracking, you can connect your bank accounts via Plaid. This allows BeDebtFree to automatically update your debt balances, ensuring your payoff plan stays current without manual entry.
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