Unbury.me Review – Remove the Weight of Debt
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Unbury.me is a great tool for anybody who wants an easy way to look at their loans all in one place.
7/10
Cost
9/10
Features
7/10
Services
7/10
Ease of use
9/10
I don’t know anyone who doesn’t feel overwhelmed or doomed at the thought of paying off their debts. Between student loans, credit cards, and other forms of debt, it’s easy for borrowers to feel buried underneath the weight of it all. That’s where Unbury.me comes in. Unbury.me can’t remove the weight of debt completely, but it can help you devise a plan to pay everything off. Here’s what you should know about the tool.
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What is Unbury.me?
Unbury.me is a loan calculator that can help consumers figure out how to pay off their debts. It offers one central location where you can input your loan information into the system to view your debt in a simple, easy-to-understand graph. If you have loans in more than one place, it’s an especially good tool to use because you can view every loan you have in the same format.
How does Unbury.me work?
Unbury.me offers a simple website that you can use to review your loans so you can create your debt management plan. When you enter your loans into the Unbury.me calculator, you can decide the debt management method you want to use.
To start, you can add your loans. For each loan you add, include the loan name, the remaining principal, the interest rate, and the monthly minimum payment.
After you add a loan, you can review the loan details. With the information you’ve provided, you can see how long it will take before the loan is paid off if you only make the minimum monthly payments. You can also review the amount you will pay based on your provided interest rate.
My calculator looked like after I input my first fictional loan.
At this point, you can add another loan by clicking the red + button that you can see in the “My Loans” section. You can see a snapshot of each loan together when you add loan.
When you add multiple loans, Unbury.me will add them to give you a complete overview of your debt payoff statistics. This includes the total principal you have to pay, the interest you will pay, and when you can expect to pay your loans off by making minimum payments. You can also look at your average interest rate, calculated using the interest rate across all your loans.
After you’ve added more than one loan, you can start to review your statistics based on the payment plan of your choice. You can switch between payment plan types at the top of the page.
You’ll also be able to review your debt payoff plan based on the monthly payment you intend to make. You can use the minimum payment method for all of your loans if you choose. You can also move the sliding scale to see what your statistics would look like if you made a higher monthly payment across all of your loans.
In addition to reviewing the numbers independently, you can review a graph that shows you the following information based on your selected payment plan.
Your remaining principal:
Your total interest paid:
Your monthly payments:
And the percent of your payments that will go toward your principal:
This information can help you understand the factors involved in your debt payoff plan.
Make a commitment to get out of debt with a dedicated team that will support you every step of the way, providing you with the necessary resources and assistance to achieve financial freedom. You’ll get the help you need without paying any fees for our services until your debts are reduced and you save money.
See if you qualify for credit card relief.
How much does Unbury.me cost?
It is completely free to use Unbury.me. You need to make an account to save your loan and payment data. Making an account allows you to return to Unbury.me later so you can revisit or edit your payment plan without retyping your loan information.
Unbury.me Features
Unbury.me is a simple and free debt management calculator that can help you evaluate your debt and make a plan. The site doesn’t have many bells and whistles, but its limited features make it easy to view a snapshot of all of your loans at once.
Payoff plans
It's important to have a plan when figuring out how to pay down debt. There are several repayment strategies for debt, each with its own benefits. Unbury.me allows you to choose between two payoff methods.
Avalanche method
The debt avalanche method focuses on paying off debts with the highest interest rates first. With this method, you make the minimum payment on all your debts each month. Then, you can put any leftover money toward the debt with the highest interest rate.
This method is good for people who want to save the most in interest payments. Using this method, you may be able to pay off all your debts quicker because of the amount of money saved on interest payments. However, this method requires you to stay committed to putting additional money toward your debts each month. It takes discipline for the method to work as intended, but it can be quite effective if you have room in your budget to make those extra payments.
Snowball method
The debt snowball method focuses on paying off your debts by starting with the lowest account balance and working toward the highest account balance. This method does not consider interest. Each month, you make the minimum payment on all of your debts. Then, you put any extra money toward the debt with the lowest balance. With this method, you can slowly work through your debts and tackle them individually.
The snowball method is good for people who want to pay off debts. Since you start with the smallest debt, you can start seeing results quickly, which can keep your momentum going. It’s also an easy method to implement because you don’t need to compare interest rates; you just need to pick the smallest debt and put money toward paying it off. The downside of the method is that you could pay more money overall on your debts because you aren’t necessarily eliminating the debts with the highest interest rates first.
The ability to input your loans
The same lenders may not all handle your loans, making it difficult to see the whole picture when paying off your debts. Unbury.me allows you to input all your loan information from multiple loan servicers and view them all in the same place. This lets you compare your debts and determine what payment method you want to use.
Charts and graphs
When you input all of your loan information into Unbury.me, the calculator will pull out a few specific pieces of information for you. One is your total debt amount, so you can see what you owe across all your loans. The calculator also shows you how to pay interest before paying off your loans. Finally, you’ll see your total monthly payments, average interest rate, and the date you will become debt-free if you stick to your chosen payment plan.
Make a commitment to get out of debt with a dedicated team that will support you every step of the way, providing you with the necessary resources and assistance to achieve financial freedom. You’ll get the help you need without paying any fees for our services until your debts are reduced and you save money.
See if you qualify for credit card relief.
Who is Unbury.me best for?
People with student loans
Student loans can be difficult to track. Often, you’ll take out multiple loans throughout college. If the loans are from different servicers, they won’t be in the same place. It can also be difficult to track federal and private loans alongside each other. With Unbury.me, you can input all of your loan amounts to get a clearer picture of your total student loan debt.
People with credit card debt
Similarly, if you have more than one line of credit, they’re probably from different credit card companies. Unbury.me allows you to input information about your credit card balances so you can easily plan to get out of debt.
Anyone else with debt
No matter your debt type, you can enter all of your debts into Unbury.me to calculate your payment plan. You can even add a personal loan that isn’t tracked by a loan servicer, such as a loan from a family member or friend.
Who shouldn’t use Unbury.me?
People who want to track more than their debts
Unbury.me is a great tool because of its simplicity. However, that means there are some limitations to what you can use it for. If you’re looking for a place to track your debts and ways to meet your other financial goals, this isn’t the right tool for you.
People who want help with their finances
Some personal finance products offer personalized assistance in addition to do-it-yourself tools and calculators. Unbury.me requires you to input all your information yourself, and there is no access to financial advisors through the tool.
Anyone with little to no debt
Unbury.me is a debt calculator — nothing more and nothing less. If you don’t have debts to pay off, the tool won’t be able to help you out. Similarly, if you only have one loan to track, there’s probably no point in using Unbury.me.
Pros and cons
Pros
- Unbury Me is a completely free tool that can help you visualize all of your debts in the same place.
- You don’t have to create an account to use the tool if you don’t want to.
- Unbury Me is straightforward and easy to use.
Cons
- Unbury Me does not offer financial advice or other personalized assistance.
- You have to manually enter all of your debt information yourself.
- The site doesn’t offer any other tools.
Unbury.me vs. competitors
App | Cost | Purpose | Sync to accounts? |
Unbury.me | Free | Debt calculator that can help you create a debt repayment plan | No, you have to input the information yourself |
Undebt.it | Basic plan free, $12 annually for premium plan | To offer you debt repayment strategies and savings challenges | Yes |
Tally | Free | Helps automate debt repayment by offering a low-interest line of credit to pay off your credit cards | Yes, and Tally pays off your credit card debts on your behalf |
Undebt.it
A debt planning app, undebt.it will allow you to get strategic about your debt repayment. Its basic plan has no monthly fee and is available on the web only. There is no mobile app. You can add as many debt accounts as you want and then choose from the nine debt payoff strategies.
Alternatively, you can create a personalized debt payoff plan. The basic version is free, but if you want enhancements to the debt payoff calculator, you need to pay $12 annually. The enhancements include saving plan challenges, help with bills, and the ability to sync your account details with other apps. This premium version is available for free for 30 days.
Tally
Tally is a unique tool that allows you to consolidate your credit card bills into a single monthly payment. It does this by offering you a low-interest line of credit that can pay off your cards. After that, you’ll repay your Tally line of credit with a single monthly payment.
To qualify for a Tally line of credit, you must have a credit score of at least 580. If you don’t qualify, you can still use other features of Tally. Tally can still allow you to track all your credit cards in one place. You can also connect your checking account to make credit card payments directly from the Tally app. Even if you don’t use a line of credit, Tally can help you use avalanches or snowball methods to manage your debt repayment method.
FAQs
Which debt repayment plan should I choose?
To pick the best debt repayment plan for you, you need to think about what your goals and needs are. If you’re looking for a repayment method that will help you save the most money over time, then the avalanche method might be right for you. But if you like to gamify strategies to help you meet your goals, the snowball method might be a better fit.
How does paying off debt affect my credit score?
This depends on the type of account that you’re paying off and your total credit history.
When you pay off a credit card, you’ll usually see an increase in your credit score quickly. This is because credit cards are revolving lines of credit, so by paying off your balance but leaving the account open, you’re decreasing your credit utilization rate. When you pay off an installment loan such as an auto loan or personal loan, you may see a decline in your credit score because it means the account is closed. However, this decline is temporary and it’s still better to pay off your loans in the long run. To monitor your credit score and your accounts, you should be sure to check your credit report at least once per year.
What is debt consolidation?
Debt consolidation is when you take out a new loan to pay off other debts. An example of this would be refinancing student loans. For example, let’s say that you have three student loans held by Sallie Mae and two held by Wells Fargo. To make paying off your loans easier, you can refinance them using another loan servicer. When you consolidate your debts, you’ll make payments on the new loan instead of the other debts. Oftentimes, debt consolidation loans offer lower interest rates so you can save more money in the long run.
Make a commitment to get out of debt with a dedicated team that will support you every step of the way, providing you with the necessary resources and assistance to achieve financial freedom. You’ll get the help you need without paying any fees for our services until your debts are reduced and you save money.
See if you qualify for credit card relief.
The bottom line
Unbury.me is a great tool for anybody who wants an easy way to look at their loans all in one place. The tool allows you to input all your loans to select a payment plan and see how long it will take you to pay off your debts. It also allows you to evaluate how changing your monthly payments can affect your debts. For example, you’ll be able to see how much interest you’ll pay throughout the lifetime of your loan relative to the monthly payments you plan to make.
As a free tool, this debt calculator can work for anybody with multiple accounts that need to be paid off. However, it lacks some of the features other personal finance tools have. Unbury.me does not allow you to sync your accounts, so you must manually input all your loan information. There are also no other tools or customer service agents to advise you on paying off your debts.
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Writer
Ashley Hart is a lead copywriter and digital marketing expert covering finance, law, real estate, music, entertainment, health and wellness.
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