William Huston, AIF®, AIFA®

Top Personal Debt Management Apps

William Huston, AIF®, AIFA®

William Huston, AIF®, AIFA®

Top Personal Debt Management Apps

Personal debt can be overwhelming, and managing it effectively is crucial for achieving financial stability. With the rise of technology, there are now numerous apps available that can help you keep track of your debt, make payments, and stay on top of your finances.

A woman reviewing her credit card debt

In this blog post, we've compiled a list of the top personal debt management apps to help you take control of your debt and start working towards a debt-free future. From budgeting tools to payment reminders, these apps are designed to make managing your debt easier and more efficient than ever before.

So, whether you're looking to pay off student loans, credit card debt, or other forms of personal debt, these apps can provide the tools and motivation you need to achieve your financial goals.

Key Takeaways
  • There's a national US credit card debt crisis that reached $807 billion in 2021
  • Creating a budget and sticking to the budget is key to overcoming debt
  • Debt management apps have proven to be good solutions for this debt crisis
  • In addition to debt management, many of these apps provide budgeting solutions

The contents of this article are for educational purposes only. They are not intended to be a source of professional financial advice. You will find experts on financial planning and financial management here. More on disclaimers here.

A National Credit Card Debt Crisis

American citizens rely on credit cards in their day to day life, so much so that by the end of 2021, they had approximately $807 billion in revolving credit card debt. On average, each American household carried an average of $6,270 in credit card debt.

According to a 2021 report by Mastercard, 9 out of 10 consumers in the US use online and mobile financial applications to manage their money. People mainly use these apps for banking and paying bills.

When it comes to debt reduction and debt payment, mobile apps can really assist. Obviously, they don't just make debt disappear, but they help you create a debt payoff plan and they help you monitor and track your results.

Among the biggest sources of debt for Americans include mortgages, credit card debt, auto loans, and student loans.

What Is a Budgeting App?

A woman holding her mobile phone while working on a computer

Creating a budget is easy. Sticking to that budget is where the challenge usually comes in. To help with this, many budgeting apps have been developed and released into the market for use by consumers.

An important question though is, what is a budgeting app and of what importance is it?

A budgeting app is one that is designed to enable users to put all their financial commitments in one place in order to help them optimize their spending and save more money. Generally, budgeting apps give users a clear picture of their financial habits and helps them when it comes to making debt payments.

Most apps enable you to track your cash flow across multiple financial accounts and they can even sync with your bank accounts and credit cards in order to provide you with an all round view of your finances.

If you're looking to manage your finances better or get started with paying off your student loan debt in order to become debt free, here are some of the best debt payoff apps for you.

Best Debt Pay Off Apps

How much debt are you in? From those that help you keep to your monthly payment, and others that optimize your interest rate, check out these excellent debt payoff app.

Sora Finance
Sora Finance

Sora Finance brings debt optimization to everyone. The product continuously scans and monitors U.S. lenders in the background to find better rates for your new or existing liabilities (home, auto, student). Sora selects the ideal loan option and helps to seamlessly execute the loan.

With its “set it and forget it” capability, Sora automatically optimizes your interest rates, freeing up more capital to invest in yourself and your family. Sora has raised $2.5M in pre-seed funding and is set to launch the beta version of its product in Q2 2022.


CreditWise is a debt management app that helps you keep track of your credit score, your debt and the interest rates. It also provides tips to help you manage your finances. Credit Wise can be used on both iOS and Android.

It helps users manage their debt.

Debt Free - Pay Off your Debt
Debt Free

Debt Free is a revolutionary app that makes it easy for you to track your credit card, loan, and other debts. It also provides you with helpful tools such as a budget planner and debt repayment calculator.

This app is easy to use and is effective in debt management.

Debt Payoff Planner
Debt Payoff Planner

The Debt Payoff Planner is an app that helps you manage your debt repayment. The app provides a simple and easy to use interface, where you can input the amount of money you owe, how much interest per month, how long it will take you to repay the debt and then calculate your monthly budget. This app is especially helpful for those who are struggling with their finances and need a little help managing their debt.

Digit (Oportun)

Digit (Oportun) is a debt management app that helps you to keep track of your finances and make the right choices for your debt. With Oportun, you can set up budgets, create financial goals, and connect with other users who are on the same path.

The app also provides you with personalized tips on how to save money.


Mint is a debt management app that helps people manage their personal finances and track their spending. Mint is a free app that tracks your spending, allows you to set goals for saving, and has an easy-to-use interface.

It also offers budgeting tools to help you plan for your future and create an emergency fund.


Qoins is a debt management app that helps you track and manage your spending. With Qoins, you can create a budget, set up reminders to track your purchases, and even connect with friends to share goals.


Quicken is an app that helps you manage your personal finances. It's easy to use and has a lot of features such as; the ability to view your credit score, create budgets, track spending and income, and much more.

Quicken is available for both Android and iOS devices.


Undebt.it is a free, mobile-friendly debt snowball calculator that helps people manage their debt and budget to get out of debt faster. The app can be used on the web or through an iOS or Android phone application.

The app provides users with tools for managing their money as well as credit scores and monthly budgets so they can see where they stand financially, what areas need improvement, and how much progress they have made towards becoming debt free.

Unbury Me
Unbury Me

Unbury Me is an app for managing your money and getting out of debt. This app includes tools such as budgeting, savings, and a loan calculator to help you manage your finances.

You Need A Budget
You-Need-A-Budget Logo

This is a debt management app that helps you budget your money and pay off your debt. It's a personal finance app that helps you budget, save, and invest

You Need A Budget is a free budgeting app that helps you save money and live your best life. In just a few minutes, You Need A Budget can help you create a budget with the following features:

  • Automatic savings goals
  • Financial reports to see where your money goes and how much you have left
  • Keep track of your bills, expenses, income and more
  • Create budgets for different categories such as spending, saving and debt management

Are Debt Management Apps for Me?

Debt management apps are now more popular than ever before because they provide users with tools to help them track their spending and find ways to save money in order for them to get out of debt faster.

If you're on a journey to becoming debt free, it would be wise to get an app that will help you with budgeting, saving, and paying off debt.

Get in Touch

Do you need help with your finances, especially with investing? Get in touch with the financial experts at Bay Street today to kickstart your journey!

Bay Street Capital Holdings*

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Bay Street Capital Holdings is an independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. They manage portfolios with the goal of maintaining and increasing total assets and income with a high priority on managing total risk and volatility. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.

Our founder, William Huston founded Bay Street after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2021. In California, only two black-owned firms out of nineteen firms received this recognition.

In Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street was selected as a finalist out of over 900 firms across the US in the category of Asset Manager for Corporate Social Responsibility (CSR).









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