Out From Under Debt
Frequently Asked Questions
What does OFU Debt offer?
Out From Under Debt offers a simple system for eliminating debt and building wealth. Think of your bank account as one big bucket — we just separate it into three clear parts: Spending: What you can use day-to-day. Commitments: Already covered — no stress. Savings & Wealth Growth: Your safety net and future freedom. This gives you instant clarity on what’s safe to spend, what’s paying off debt, and what’s building your future. Along the way, you’ll get: A personalized debt payoff plan Chip, your encouraging sidekick Celebrations for progress made So you can have less stress and more progress with a clear path to financial freedom.
What is the purpose of OFU Debt?
The purpose of Out From Under Debt is to help users break free from debt by simplifying finances, changing money habits, and supporting them emotionally. Unlike generic budgeting apps, OFU Debt simplifies the debt payoff journey, changes behavior with decision analysis tools, and offers support through our unique AI companion, Chip. Out From Under Debt aims to accelerate progress with smart recommendations and reward users with celebrations and surprise give-backs. Out From Under Debt exists to help people get out from under debt and achieve lasting financial freedom.
How is OFU Debt different than other financial apps?
Out From Under Debt is not just a budgeting app. We are here to help you emotionally and psychologically change the way people view money and debt. Oftentimes being in debt can be an emotional burden, associated with stress, anxiety, shame, and many other emotions. At OFU Debt, we are aiming to change that. We want to help users get out of debt while also supporting them emotionally through the journey. We want to make the process as simple as possible so it will stick with you and have a positive, long lasting effect on your mental health and finances!
How does the 3 account system work?
We want to make this as simple as possible for our users! Think of your bank account as one big bucket. We will help you see your money in three clear parts: 1. Your Cash Budget - this is what you can live on right now. 2. Your Debt Repayment - This is money set aside to chip away at what you owe! 3. Savings - This is for your safety net and future goals. Our three account system makes it easy for users as there is no juggling multiple checking accounts, your bills and recurring expenses are automatic, and you can instantly see what is "safe" for you to spend with your cash budget! The savings account allows you to keep making progress toward your individual financial goals and can be setup to have automated transfers in order to take the guesswork out of it for you!
How is my data protected with OFU Debt?
At OFU Debt, we know trust is everything. Our mission is to help you get out from under debt and step into financial freedom. To do that, we make security and privacy our top priority. Read more on our "Privacy Policy" Page for more information.