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Setting up a debt payoff plan means getting every debt into the tool first, and that is exactly the part people put off. Typing in a mortgage balance, a credit card APR, an auto loan minimum, then the student loan, then the HELOC, is tedious enough that plenty of good intentions die on the setup screen. WIMM Premium gives you two ways to skip the typing entirely. You can link your bank and let WIMM pull the numbers, or you can hand it a statement and let AI read the fields for you. Either way, you go from "I should really set this up" to a full debt list in a couple of minutes.
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Both of these are Premium features. The core Debt Reducer stays free: you can always add debts by hand and use the full avalanche, snowball, and what-if payoff math at no cost. What Premium adds is the automation that fills the fields for you. If you want the manual walkthrough instead, see Pay Off Credit Cards Faster.
Sync from your bank
The first path lives on the Debt page under the option to add a debt. Choose Sync from bank and click Link your loans. WIMM opens a secure bank connection, verifies it is really you with a texted code, and then pulls your liabilities directly: mortgages, credit cards, auto loans, student loans, HELOCs, and personal loans, each arriving with its current balance, interest rate, and minimum payment already filled in.
Once linked, a Sync now button keeps everything current. Balances change every month as you pay down principal and interest accrues, so a quick sync brings the whole list up to date without you touching a single field. You can also open Manage linked accounts to see what is connected and when it last synced.
Unlinking is safe. If you disconnect a bank later, the debts it synced stay right where they are in WIMM. They become ordinary records you can edit or delete by hand, so your payoff plan never goes blank just because you changed your mind about the connection. The link is a convenience layer on top of your data, not the thing holding your data hostage.
Tip
This is the piece Mint used to do before Intuit shut it down in early 2024: bank-synced balances that updated on their own. WIMM brings that back for debts, and pairs it with a real payoff engine instead of just a number on a dashboard.
Upload a statement instead
Not every lender links cleanly, and some people would simply rather not connect a bank at all. That is what the second path is for. Choose Upload statement, then pick a PDF, PNG, or JPEG up to 10 MB. It can be a downloaded PDF or just a photo of the paper statement on your kitchen table.
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WIMM's AI reads the document and pre-fills the debt for you: the type, the lender, the current balance, the interest rate, the minimum payment, and where it can find them, the original balance and term. Then a review screen opens with every extracted field laid out as an editable form. You confirm the numbers, fix anything the AI misread, and save. Nothing is added behind your back. You are always the one who clicks the final button.
The file itself is never stored. WIMM reads it to pull the fields and then discards it. The statement is not saved to your account, not kept in a document library, and not held anywhere after the extraction finishes. Upload one statement per debt, since each extraction reads a single account, and you keep full control over what actually lands in your debt list.
This is the kind of thing the big budgeting apps skip. YNAB and Monarch Money are solid tools, but neither reads a statement PDF and fills in a debt for you. It is a small piece of manual work they leave on your plate, and it is exactly the piece WIMM automates.
Escrow, handled for mortgages
Mortgages and HELOCs are the fussy ones, because the monthly payment is rarely just principal and interest. It often bundles in an escrow portion for property taxes, homeowners insurance, HOA dues, or PMI. If a payoff tool treats that whole payment as if it were all going to principal, its projections drift and every estimate it shows you is quietly wrong.
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When WIMM can work out the escrow split from your bank feed or your statement, it fills it in automatically, so your mortgage payoff math is based on the real principal-and-interest portion. When it cannot tell for sure, it does not guess and move on. Instead it flags the debt with an amber badge that nudges you to confirm the escrow amount yourself. You get a clear heads-up that a projection might be off until you check one number, rather than a confident-looking estimate built on a shaky assumption.
Note
The amber "unconfirmed escrow" nudge only appears on mortgages and HELOCs, the two debt types where escrow actually applies. For a credit card or an auto loan, there is nothing to split, so the review screen just confirms the plain balance, rate, and minimum.
Which path should you use?
Reach for Sync from bank when your lender links cleanly and you want your balances to keep themselves current with a one-click refresh. Reach for Upload statement when a lender will not connect, when you would rather not link a bank, or when you just have last month's PDF handy and want to be done in thirty seconds. Many people end up using both: sync the accounts that link, upload statements for the ones that do not. Either way, the debt lands in the same list and feeds the same free payoff engine.
Want to see the Debt Reducer before you import anything of your own? The demo opens straight into it with a sample household and debts already loaded: app.wimm.money/demo?mode=debt. Explore the plan, then come back and let bank sync or statement upload fill in your real numbers.
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