Breaking free from debt can feel like an endless uphill battle. But there is a smarter, more automated way to track, manage, and pay down debt without compromising your financial privacy.
With Skwad’s loan tracker, you’re in the driver’s seat. It automatically monitors your loan balances and offers personalized recommendations, all without linking your bank accounts.
How It Works
- Create an account to receive a Skwad Scan email address
- Forward your bank spending alerts (including loan payments) to your dedicated Skwad Scan email address
- Skwad logs and categorizes every transaction that lands in your Skwad Scan inbox
- Loan payments are automatically applied to your balance to give you a complete picture.
Skwad’s loan tracker then crunches the numbers to provide insights and recommendations. See how quickly you can become debt-free by increasing monthly payments, prioritizing high-interest debts, and tracking your overall paydown progress.
Setting up forwarding takes a minute. See how to forward transactions from Gmail to Skwad, or automate it with Skwad Scan email addresses. To see your loan payments alongside the rest of your money, pair the tracker with cashflow reports.
Frequently asked questions
Do I need to link my bank to track a loan in Skwad?
No. You forward your bank spending alerts, including loan payments, to your dedicated Skwad Scan email address, and Skwad applies each payment to your balance. Nothing about your bank credentials is shared.
How does Skwad know my payoff progress?
Skwad logs and categorizes every transaction that lands in your Skwad Scan inbox, then applies loan payments to your balance to give you a complete, up-to-date picture of what you still owe.
Experience the freedom of a more innovative, private debt management approach.
