How do I Change a Debt Reduction Plan


You can easily add or remove debts, or change the interest rate and minimum payment for each debt in your debt reduction plan.


You can also experiment with different payoff scenarios such as changing the monthly payment, paying off your debts in a different order, and making a lump sum payment.

  • To change the debts in your plan
    1. Click the Planning tab.

    2. Click the Debt Reduction button.

    3. Choose Plan Actions > Edit your plan.


    The process of adding or removing debts, or changing the information about your debts is the same as creating a new debt reduction plan.


    To learn more, see Create a debt reduction plan.
  • To experiment with different payoff scenarios
    1. Click the Planning tab.

    2. Click the Debt Reduction button.

    3. Choose Plan Actions > Explore other plan options.


    The process of experimenting with different payoff scenarios is a key part of working with your debt reduction plan. After experimenting, you can easily replace your current plan with your new plan.


    To learn more, see Experiment with Other Plan Options.

 

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