What you can track
- Current balance and APR
- Minimum payment and due day
- Promotional APR details
- Payment history, including principal, interest, and fees
- Balance corrections and snapshots
Compare payoff strategies
Miyo can model approaches such as avalanche, snowball, hybrid, utilization-focused, and custom ordering. A projection depends on the balances, rates, minimums, and extra amount you provide.A payoff projection is an estimate, not a lender statement or financial recommendation. Interest rules, fees, rate changes, and posting dates can produce different results.
Keep the workspace accurate
- Compare balances with lender statements.
- Log payments using the principal, interest, and fee amounts when available.
- Correct an inaccurate balance rather than creating a duplicate debt.
- Re-run the projection after a material rate or payment change.