Is Snowball free to use?
Is Snowball free to use?
Yes, Snowball is completely free. Create an account and start tracking your debts at no cost.
What's the difference between the snowball and avalanche methods?
What's the difference between the snowball and avalanche methods?
The debt snowball method has you pay off your smallest balance first, which builds motivation as you eliminate debts quickly. The debt avalanche method targets the highest interest rate first, which saves more money over time. For a full comparison, see Payoff Strategies.
What information do I need to add a debt?
What information do I need to add a debt?
You need the debt name, current balance, interest rate (APR), and minimum monthly payment. You can find all of these on your most recent monthly statement.
Can I change my payoff strategy after I start?
Can I change my payoff strategy after I start?
Yes, you can switch strategies at any time from your dashboard. Your plan updates instantly to reflect the new order, and your existing payment history is preserved.
How do I update my balance after making a payment?
How do I update my balance after making a payment?
Click the debt you want to update, enter the new current balance, and save. Snowball recalculates your payoff schedule automatically.
What happens when I pay off a debt?
What happens when I pay off a debt?
Mark the debt as paid off. Snowball automatically rolls that payment amount to the next debt in your strategy’s order, accelerating your payoff plan.
How accurate is my debt-free date?
How accurate is my debt-free date?
Your debt-free date is an estimate based on your current balances, interest rates, and payment schedule. Update your balances monthly to keep the projection as accurate as possible.
I forgot my password — what do I do?
I forgot my password — what do I do?
Use the forgot password page to receive a 6-digit reset code by email. For step-by-step instructions, see Reset or Change Your Snowball Password.
Can I track loans and debts other than credit cards?
Can I track loans and debts other than credit cards?
Yes — you can add any type of debt, including mortgages, student loans, auto loans, medical bills, personal loans, and more.
Is my financial data secure?
Is my financial data secure?
Snowball uses industry-standard security practices to protect your data. Your debt information is private and only accessible by you.