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Accurate debt information is the foundation of a reliable payoff plan. When you enter the correct balance, interest rate, and minimum payment for each debt, Snowball can calculate a realistic debt-free date and show you exactly how much interest you’ll pay over time. Taking a few minutes to enter your debts carefully means every projection and milestone you see will actually reflect your situation.
Add all your debts before picking a strategy. The more complete your list, the more accurate your payoff plan.

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Adding a debt

1

Sign in to your Snowball account

Go to your Snowball dashboard after signing in with your email and password.
2

Click Add Debt on your dashboard

Find the Add Debt button on your dashboard and click it to open the debt entry form.
3

Enter the Debt Name

Give the debt a descriptive name so you can identify it easily — for example, “Chase Sapphire Card” or “Student Loan.”
4

Enter the Current Balance

Enter how much you currently owe on this debt. Use the most recent figure from your statement or account portal.
5

Enter the Interest Rate (APR)

Enter the annual percentage rate for this debt. You can find this on your monthly statement, your card agreement, or your lender’s website.
6

Enter the Minimum Monthly Payment

Enter the minimum payment your lender requires each month. This is listed on your monthly statement.
7

Click Save

Click Save to add the debt to your plan. It will appear in your debt list immediately, and Snowball will include it in your payoff schedule.

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What debt information you need

Before you sit down to add your debts, gather your most recent statements or log in to each lender’s portal. Here’s where to find each piece of information:
FieldWhere to find it
Current balanceMonthly statement or account portal
Interest rate (APR)Statement, card agreement, or lender website
Minimum paymentMonthly statement

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Editing a debt

Your balances and minimum payments can change over time. To update a debt, click the debt name or the edit icon next to it in your debt list. You can update any field — name, balance, interest rate, or minimum payment. Click Save when you’re done. Your payoff schedule recalculates automatically to reflect the changes.
Update your balances monthly after making payments to keep your projected debt-free date accurate.

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Removing a debt

To remove a debt, click the delete or remove option on the debt in your list. Snowball will immediately remove it from your payoff plan and recalculate your schedule without it. Remove a debt when you’ve fully paid it off or if you added it by mistake.
If you remove a debt that still has a balance, it will no longer be included in your payoff plan. Make sure the debt is truly paid off or was entered in error before removing it.