Question 1

How does debt tracking work?

Accepted Answer

Walletlify's debt tracking system consolidates your loans, credit card installments, and personal debts in one place. You enter the monthly installment amount, number of installments, and payment day for each debt, and the system automatically calculates the rest.

Question 2

What types of debts can I track?

Accepted Answer

Walletlify supports three main debt types: Bank loans (personal, mortgage, auto), credit card installments, and personal debts (friends, family, acquaintances). Each type has custom fields and tracking options.

Question 3

How does installment calculation work?

Accepted Answer

When you enter the monthly installment amount and number of installments, the system automatically calculates the total debt. It also shows your remaining balance and end date based on paid installments.

Question 4

How do payment reminders work?

Accepted Answer

You set the payment day for each debt (1-31 of the month). The system sends you notifications as the payment day approaches. This helps you avoid late fees and penalties.

Question 5

Can I view installment history?

Accepted Answer

Yes! Each debt has an 'Installment History' section below it. Here you can view your past payments, payment dates, and amounts in detail.

Question 6

What happens when a debt is paid off?

Accepted Answer

When the number of paid installments reaches the total installment count, the debt status automatically updates to 'Completed'. Completed debts are shown in a separate category.

Question 7

Can I add debts in different currencies?

Accepted Answer

Yes, you can add debts in different currencies like USD, EUR, GBP, and TRY. The total debt summary is automatically converted to your selected display currency.

Question 8

Is there interest rate tracking?

Accepted Answer

Yes, you can enter the annual interest rate for each debt. This information is useful when comparing your loans and calculating total payment amounts.

Your debts. Under full control.

Debt Tracking

Take the first step
to debt-free living.

Installment Calculator

Payment Reminders

Debt Reduction Tracking

Installment History

Multiple Debt Types

Debt Analysis

Debt management has never been this easy.

Take control of your debts.

Frequently Asked Questions