<topic sku="core" tNum="288681" author="" xmlns="x-schema:hhTopicSchema.xml"><index><title>Pay off a debt sooner by making a one-time, extra payment</title><category>debtplan</category><klink type="prcdr">How do I pay off a debt sooner by making a one-time extra payment?</klink></index>
<content>
<extend>
<tease>Why?</tease>
<reveal>
<p>If you receive extra cash, such as a tax refund or bonus, you can use it to pay off your <glossary>debt</glossary> sooner by applying the cash toward your debt reduction plan.</p>
</reveal>
</extend>
<ol>
<li>On the <emph>Planner</emph> menu, click <emph>Debt Reduction Planner</emph>.</li>
<ul>
<li>If you see the <emph>Get Started</emph> button, click it to display your debt reduction plan or to create a plan if you haven't set one up.</li>
</ul>
<li>Click <emph>Next</emph> until you see the <emph>Define your payment plan</emph> page.</li>
<li>In the <emph>Making a One-time, Extra Payment</emph> box, enter the payment amount.</li>
<ul>
<li>Move the slider to experiment with different amounts. The <emph>Results</emph> section shows the effect on your debt plan.</li>
</ul>
<li>Click <emph>Next</emph> twice, and then click <emph>Finish</emph>.</li>
