Step 3 of 5
Debts & Liabilities
Add every debt — including credit cards, loans, and BNPL financing. We'll flag promotional rates that need urgent attention and rank your payoff priority automatically.
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Income
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Expenses
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Debts
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Mortgage
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Summary
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Add a Debt
What type of debt?
🏢 Is this for personal or business use?
Since you have self-employment income, we need to know. Business debt is excluded from your personal payoff waterfall but visible to your advisor — it opens a conversation about business structure and credit separation.
Details
Debt name Required
Please enter a debt name.
Lender / creditor Optional
Current balance
What to enter
Enter your current outstanding balance — not the original loan amount. For credit cards, use today's balance, not your credit limit. Find it on your latest statement or by logging in.
Why it matters
The current balance determines how long your payoff takes and how much interest you'll pay. Accurate data here — even if uncomfortable — leads to a plan that actually works.
$
Please enter the balance.
Regular APR
What is APR?
Annual Percentage Rate — the yearly interest charged on your balance. Find it on your statement. Credit cards: 18–30%. Auto loans: 4–12%. Personal loans: 7–25%.
If you have a promo rate
Enter the rate your card will become after the promo ends — your go-to rate. We'll ask about the promo separately below.
%
Please enter the interest rate.
Minimum payment
What to enter
Enter the minimum required payment each month from your statement — not what you actually pay. We use the minimum to calculate how much income is already committed to debt service.
How it affects results
The sum of all minimums is subtracted from your income to calculate discretionary income — the money available to accelerate payoff. Accurate minimums = accurate discretionary.
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Monthly interest accruing on this debt
$0.00
🚨 Promotional rate check TruFolio exclusive
Why this is critical
A 0% promo expiring in 4 months on a $3,000 balance converting to 29.99% APR is far more urgent than a 16% personal loan. Standard strategies miss this. TruFolio calculates an urgency score and automatically moves expiring promos to the top of your payoff queue.
Urgency score formula
(Go-To APR × Balance) ÷ Months Remaining. The higher the score, the more expensive every month of delay. Your advisor sees this score and will flag expiring promos proactively.
Does this debt currently have a promotional interest rate — such as 0% APR for a limited time?
Current promo rate
What to enter
Enter your current promotional rate — most often 0% for balance transfers and BNPL plans. Some promos are reduced rate (e.g. 3.99%) rather than zero.
%
Promo ends
Find the expiry date
Check your original credit agreement or account portal. BNPL apps show the end date directly. For balance transfers, count months from transfer date. This date drives your urgency score — even one month off changes the calculation.
Go-to rate after promo
This is the critical number
The go-to rate is what your APR becomes the day after the promo ends — almost always 24–30% for credit cards and BNPL. Find it in your agreement under "Purchase APR" or "Standard APR." The higher this is, the more urgent it is to pay this off before the promo expires.
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Promo expires in
— months
⚠ Urgency alert
Urgency score
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I have no personal debts
No credit cards, loans, or balances. Skip this step and continue to Mortgage.
Total personal debt
$0
No debts added yet
Why promotional rates matter most
A 0% BNPL plan expiring in 4 months is far more urgent than a 16% personal loan. Most tools miss this. TruFolio calculates an urgency score and ranks expiring promos at the top of your payoff queue automatically.
Urgency score formula
(Go-To APR × Balance) ÷ Months Left
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