Recording Payments

Once you have made a payment to your debt(s), you can record the payments you have made in the Pay Off Debt for iPad app. There are three ways to do so: Record Min. Payment, Record Custom Payment, and Record All Payments. Once you have recorded a payment or payments, the current balances will be automatically estimated. (However, please note that this is ONLY an estimate.)

Record Min. Payment

If you want to record your minimum payment for an individual debt, you can use the Record Min. Payment button.

Tapping the Record Min. Payment button for the first debt in your list will record both the minimum payment entered for that debt and the Additional Amount in Configure Snowball.

Tapping Record Min. Payment for any other debt in the list will record only that debt’s minimum payment amount.

To use the Record Min. Payment option:

  1. Scroll to the individual debt you want to record a minimum payment for.

  2. Tap the Record Min. Payment button to record your payment for that debt.

    A message box will appear.

  3. Tap Apply.

    The payment will be recorded, and you can view it by tapping the View History button.

Record Custom Payment

If you want to record a custom payment for an individual debt — such as if you are making more than one payment to it during the same month, or if you’re making a larger than normal monthly payment — you can use the Record Custom Payment button.

To use the Record Custom Payment option:

  1. Scroll to the individual debt you want to record a custom payment for.

  2. Tap the Record Custom Payment button for that debt.

    You will be taken to a new screen.

  3. Tap the Amount field.

    The keyboard will appear.

  4. Enter the amount of the custom payment.

  5. If you want to record 100% of the custom payment to principal only:
    • Tap the Apply custom payment to principal only option.
      The Yes/No options will appear.

    • Tap Yes

      You will be returned to the previous screen

    • Tap Apply.

      The payment will be recorded, and you can view it by tapping the View History button.

    OTHERWISE

    If you want to record the payment so that it is recorded normally (with amounts going to both principal and interest):

    • Tap Apply.

      The payment will be recorded, and you can view it by tapping the View History button.

Record All Payments

If you want to record all of your payments at once, you can use the Record All Payments button. This will also record the amount in Configure Snowball against the first debt in your list.

To use the Record All Payments option:

  1. Tap the Record All Payments button.

    A message box will appear.

  2. Tap Apply.

    The payments will be recorded, and you can view them by tapping the View History button on each individual debt.