Debt Payoff Assistant - Reviews, Revenue and Downloads - Apple App Store

Description

Debt Payoff Assistant will help you to payoff all your debts using the popular Debt-snowball method. The debt-snowball method is the primary debt management technique taught and recommended by many financial experts. Using this approach, you would pay the minimum payments on all your debts until your first debt is payoff. Then you would use the extra payment from the paid off debt and apply it to the next debt. The amount of extra payment will grow as more debts are payoff which results in a "snowball" affect that will help you to payoff subsequent debts faster and increasing your confidence in the process.

Debt Payoff Assistant is a free full-featured version supported by ads. For an ads-free version, please search for "Debt Payoff Pro" in the App Store.

FEATURES

* Universal Binary
- Designed for iPhone, iPod Touch, and iPad devices. No need to buy separate apps for each device.

* Multiple Debts Tracking
- Track unlimited number of debts.

* Multiple Payoff Strategies
- Lowest Balance First
- Highest Balance First
- Highest Interest First
- Custom Ordering

* Debt Payment Tracking
- Tracking your debt payment is as simple as highlighting the payment from the payment schedule.

* Extra Payment Support
- Make extra principal payments to pay off your debts faster.

* Built-in Calculators
- Payoff Date Calculator
- Mortgage Calculator
- Loan Calculator

* Charts and Reports
- See your total debts, debts remaining, total interest paid, total interest saving, debt payoff date, and debt payoff time savings via charts and reports.

* Percent Paid Progress Bars
- Progress bar for each debt helps motivate you toward paying off your debts.

* Payment Due Date Notification
- Reminds you when payments are due. You can also set the time of day that you want to be notified.

* Amortization Table
- A complete payment schedule allows you to view the interest, principal, and remaining balance for each and every payment of the loan.

* Dynamic Custom Ordering of Debts
- With the custom ordering strategy, you can dynamically change the order of debts payoff from the main screen and instantly see how it affects the total debt plus interest amount and the debt payoff date.

* Payoff Date Calculator
- Use the built-in calculator to see the how the monthly payment amount will affect the payoff date and total interest paid.

* Passcode Security
- Passcode protection to keep financial information private.

* Export Capability
- Export your payment list and amortization schedule in HTML format via email.

* Large Number Keypad
- Enter numeric amounts easier and faster with a large standard keypad.

* Customization Settings and Icons
- Configurable settings and beautiful debt icons to customize the application based on your preferences.

* Debt Delete Lock
- Prevents accidental deletion of debts and debt payment tracking.

* Backup / Restore
- Backup your data to your computer for safekeeping. Then restore it to your iOS device when you need to via the iTunes file sharing interface.

* International Currency Supports
- Currency support is based on the region setting of your device.

* Clean, Intuitive User Interface

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Screenshots

User Rating

3.78 out of 5

9 ratings in United Kingdom

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Ratings History

Reviews

Wake up call!!

Love this app it’s a wake up call when you input all your debt ☹️ just one thing I would like to see and that’s a function to reduce a payment as well as increase it as quite often I’m paying less than I have set 😱

Why 5 months?

I’m trying to trial this app but for some bizarre reason when I set up a debt, the first predicted payment off the debt is 5 months from now. So the whole debt repayment schedule s off by nearly half a year. I’ve deleted and started again but get the same result. No good to me.

Great tool for forecasting repayments

Great tool, however when it validates a minimum payment and says it is tool low it has to be X or more, entering X will freeze the app (as it would be an infinite loop due to principle not going down)

Very useful

The ap has really helped me organise my debt and does exactly what is says on the tin. Recommended

Great app but...

You can only select the day of the month you pay all of my payments are showing 2013 - 2015 app is telling me even though I have 14k outstanding @ 500 per month I will be debt free next week.......... Silly mistakes ruin apps I have deleted

Great

Great app! Helps me track my progress and keep everything in track.

Keep shutting down

Unfortunately this app won't even accept one entry. It just stalls and shuts down. How many stars do I give!

Buggy

It's a good idea but it didn't work properly for me. It didn't make adjustments when payments had gone out. Deleted this app.

A good idea but...

There are faults with this app which I reported to the author and they didn't even reply to me. 1) The app does not let you choose very small repayments of a loan, it will suggest a new minimum. I already have smaller agreements in place and therefore cannot track my loan repayment. 2)There is no option to edit the repayments to a lower figure. You can make extra payments of a loan, but cannot reduce these payments in the future. I have often reduced my payments on loans based on fluctuating income. 3) There is no option to make overpayments on a mortgage to see how it effects the payoff date. I used to make an overpayment, and again regularly altered the amount based on fluctuating income. Also, can you edit the interest rate when it changes? I don't think so! 4) There is no way to add to the balance of a loan. A new charge might be added, such as a missed payment or late penalty or future fees. Overall, there is little flexibility in real world use of this app. I would have had to delete a loan and set it up again every time the balance disagrees, but then you loose the progress bar. Speaking of which, the date of the loan should be able to be retrospective and the app should not assume you are always starting a new loan today. If you wish to track debt payoff then your progress is from when you started. It's depressing to think you have made no progress on any of these until the very next month! Please fix these issues, and I will fix (improve) my review.

Amazing

Was tempted to take out a loan to consolidate my existing debt it would of took me even longer and more expensive getting a consolidation loan the app helped me review my current situation and how well am actually doing 👍🏼👍🏼👍🏼

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