Debts Tool Overview Updated June 21, 2022 22:51 More debts tool what is the debts tool how to use the debts tool The Debts tool is a powerful tool that allows you to see all of your debts in one place and create an expedited payoff plan. The Debts tool teaches you how to use the snowball method, a debt-payment strategy that can dramatically reduce both the time it takes to payoff debt and the amount of interest you'll pay. Watch the quick clip below to learn more about the debts tool. Disclaimer: The functionality of this software varies depending on which financial institution you use. Not all content in this help center will apply to your experience. Was this article helpful?