- Free
- Category: Finance
- First released: October 26, 2011
- Versions: 1 archived
- Installable: 1 of 1
- Availability: Still on the App Store ↗
- Seller: SVT Software
- com.SVTSoftware.DebtPayoffA
Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 4.0 or later.
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Report an issueDebt 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
Ratings Over Time
sampled from 4 archived captures| Date | Version | Rating | Ratings | Price |
|---|---|---|---|---|
| July 7, 2012 | — | — | 49 | Free |
| May 1, 2013 | — | — | 87 | Free |
| December 3, 2024 | 5.1 | ★ 3.6 | 134 | Free |
From archived App Store listing data, captured by the Wayback Machine.
Archived Reviews
8 of 15I like what has been done some far but would suggest the following adds in future versions ... 1. Most importantly - have to be able to enter what a person can afford on a month basis. I am on fixed income and the apps shows paying just one debt over my monthly income. You have be able to cap what your spending on the payoffs overall per month 2. It would be nice see a report for each month what the payouts are without having to go through each debt to check .. tedious and time consuming right now. Other than that .. i really like the app .. simple and easy to setup
It has taken me 2 months to figure out that you have to touch the date for it to record that payment. It does lay out the debt pay off so you can see the progress until payoff. I do like that this simple app has no ads. I do suggest that pictures be added to show what and how you can use certain function. This is a great simple no fuss app!
I’m transferring data from a different app manually in this app starts posting from the next month so you would have to turn your phone calendar back a month
Used to love the tool but the most recent update has stripped a ton of functionality I have come to love about the tool. Especially being able to see quickly total interest in the calculator but now you throw the amortization schedule with no summary. Time to look for another tool.
I input all my info and have a pay off 4/2035. When i turn the snowball on it shows my debt free this year not sure where it is getting the figures.
I got to track my progress and it motivated me to get the job of eliminating my debt done. Even when I had to stop a few months, I could start right where I left off!
I would rate five stars if it had an option for a loan beginning date. Please add this option. Other than that I’m happy with it.
This seems pretty basic, which I like. However, is there no way to make a payment in between due dates? For example…I have an extra $150 that I want to apply to car payment separate from regular payment. How do you do that?
Period reviews recovered from Apple's customer-review feeds via the Wayback Machine.
