ReliefGuardian launches free debt payoff planner

ReliefGuardian has launched Debt Plan, a free online tool that helps consumers map a personalized strategy for unsecured debt, estimate payoff timing and compare repayment methods. The planner is built to update as a user’s finances change and is available now at more information.

Why it matters: - Debt Plan gives consumers a free way to turn balances, rates and minimum payments into a concrete payoff timeline. - The tool is aimed at people trying to manage unsecured debt without taking on a loan or entering a debt-relief application. - ReliefGuardian positions the planner as an educational step for people weighing debt consolidation, credit counseling, debt settlement or bankruptcy.

What happened: - ReliefGuardian launched Debt Plan, a free interactive tool for building a personalized payoff strategy for unsecured debt. - Users can enter balances, interest rates, minimum payments and an amount they can realistically pay each month. - The tool produces an estimated payoff date, projected total interest cost and a comparison between the user’s current payment path and avalanche and snowball strategies. - ReliefGuardian says anyone can build a free Debt Plan at more information.

The details: - Debt Plan is designed to help users visualize how their debt payoff changes as life circumstances change. - Saved plans can be reopened later and updated with new balances or financial information. - The tool recalculates the payoff path after changes are entered. - Debt Plan does not require a credit check, Social Security number or phone number to build a plan. - Users only need an account if they want to save progress and return later. - The tool works with credit cards, personal loans, medical bills and collection accounts. - Mortgages and auto loans are excluded because they are secured by property and involve different rules and risks. - Results are estimates based on information users provide and are intended for educational and planning purposes. - Susan Russell, managing editor of ReliefGuardian, said many people know what they owe but do not know where minimum payments are leading them. - Russell said Debt Plan is meant to give users a place to start, see their situation in numbers and understand what they can change.

Between the lines: - The launch fits ReliefGuardian’s broader effort to guide consumers through unsecured debt decisions before they choose a specific path. - The no-credit-check and no-phone-number setup lowers the friction for people who want to explore options privately. - The focus on unsecured debt narrows the tool to the part of the debt market where repayment strategy and interest costs can vary most.

What's next: - ReliefGuardian will likely use Debt Plan alongside its existing calculators and guides to keep users engaged as their finances change. - Consumers can continue updating saved plans over time as balances and circumstances shift. - The company is directing users to its main site for more educational resources at Learn more.