Debt Payoff Planner & Tracker

Debt Payoff Planner & Tracker

By OxbowSoft LLC

  • Category: Finance
  • Release Date: 2015-11-04
  • Current Version: 2.2.0
  • Adult Rating: 4+
  • File Size: 3.53 MB
  • Developer: OxbowSoft LLC
  • Compatibility: Requires iOS 13.0 or later.
Score: 4.69167
4.69167
From 4,800 Ratings

Description

The Debt Payoff Planner app is the simplest way to stop feeling overwhelmed and start having a specific, step-by-step plan for paying off your loans. Today is the day to make a plan with a loan calculator and beginning paying down debt. Required inputs for calculating your debt free date are the current balance of the loan, the annual percentage rate (APR), and the minimum payment amount. That's the only requirement to getting a customized debt repayment schedule. Easy steps to becoming debt free: - Enter your loans and debts - Enter your additional monthly payment budget to pay down faster - Choose a debt payoff strategy * Dave Ramsey's Debt Snowball (lowest balance first) * Debt Avalanche (highest rate first) * Debt Snowflake (one-time extra payment toward loans) * Custom debt free payoff plan Debt Payoff Planner and Loan Calculator determines the optimum payment plan and how long it will take until you will be debt free. You tell the app how much you want to budget toward paying off your debt and we'll tell you how. We recommend the Debt Snowball strategy because we believe that paying off individual accounts faster will help you stay focused on your financial goal of debt elimination. A payoff plan is only useful if you stick with it! Your ability and willingness to pay more than the minimum payments is how you will become debt free in less time than you imagined. Budgeting your income will help you to get a regular monthly amount to pay down the debt faster. The payoff chart will show two payoff scenarios: only paying the minimum amounts, and the repayment schedule when you pay more the the minimum ever month. Creating an account enables you to have a secure backup and your information is immediately available if you start using a new device. Getting out of debt is hard, so we try to allow you to take baby steps toward this goal. We believe that becoming debt free requires an easy starting point and making sure every dollar is leveraged perfectly. The loan calculator has minimal inputs in order to make your money management easy to follow. The Debt Payoff Planner and Calculator is also used for tracking payments and updating the time-frame for becoming debt-free. Inputting payment information is as simple as typing in the amount and the date the payment was made. The goal of payment tracking is to see your progress over time and affirm that you are staying focused on your financial goals. In addition to being a debt tracker and loan calculator, we are also trying to help point out some possible next steps with articles focused on how to pay off student loans, auto loans, and credit cards faster. Also, there is some tips on credit card balance transfers as well as strategies for debt consolidation. We support eight loan categories: * Credit Cards like Capital One, Citicard, Chase, etc. * Student Loans like Navient, Sallie Mae, Great Lakes, etc. * Auto/Car Loans * Medical Loans * Mortgages like Rocket Mortgage, SoFi, etc. * Personal Loans to friends and family or other individuals * Taxes like IRS or local municipalities * Other category could be anything from a paycheck loan to a hard money loan In addition to the Debt Snowball calculator and the Debt Avalanche method, many users like to do a custom sorting of their debts. This customization is available for users that want to be their own debt manager. We allow the ability to provide a Debt Snowflake payoff as well. A Debt Snowflake is a one-time payment from things like a bonus at work, a tax refund, an extra payday, etc. This additional capability allows you to have tighter control over every dollar you are budgeting. Terms of Service: https://www.debtpayoffplanner.com/terms-of-service/ Privacy Policy: https://www.debtpayoffplanner.com/privacy-policy/ End-User License Agreement: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Screenshots

Reviews

  • Love it!

    5
    By Balero1
    Makes organization of debts a breeze. I upgraded just because I was impressed with the way it worked and thought colors would be nice. Very easy to use and even has a tutorial, which others don’t and are complicated not to mention expensive. Thanks for a wonderful app.
  • New Version Isn’t Good

    2
    By amyoldsoul
    I have used this app a few times. I loved the original version, it was simple and easy to navigate. I was surprised when I downloaded the app and there was a new version. I updated all my info into the new version, and hated it. Not easy to navigate, the numbers were off and there was seemingly no way to get them to line up correctly. It was too rigid. I noticed there still was the option to use the old version, BUT it wouldn’t transfer over all the updated information I put in the new version. Waste of time and money.
  • Great but wish it had one more thing

    4
    By 🙈✌️😝
    This app is great after purchasing the full version. I just wish it had a section to add recurring bills so you can budget accordingly, and so you can view the extra money leftover for your debt. If this all included this then no doubt would it be 5 stars.
  • The real deal

    5
    By tk441
    This a great app and seemingly one of the few which is actually trying to help rather exploit people struggling with debt. It wasn’t immediately obvious to me how to use it, but after watching the tutorials it makes more sense. Due to the amount of manual management involved, notifications would be very helpful.
  • Terrible!

    2
    By coachktb
    This app is awful! It deletes info or logs you out, not sure which one. Deleted it and reloaded and still can’t log in. Also, the payoff plan is convoluted and not clear. Gives weird and confusing info on payments etc. Now I have to find another app to track my debt payoff after inputting all my info too.
  • Wow…love it

    5
    By Gamegirl999999
    Where has this app been all my life?? I have heard about the snowball and avalanche plan for debt payoff but it was always so hard for me to figure out what to pay and who to pay first. I was terrified putting all my debt in and thought that it would be 100 years to be debt free. When the program told me 5 years and exactly what to pay on each month for everything I almost fell over!! I love having a 5 year plan!!! Thanks so much for this app!
  • Absolutely Fantastic

    5
    By Kipp Rec
    My husband and I have had major issues getting our debt under control, and now we actually can. We have an easy plan to be debt free pretty quickly and it’s so exciting. We can share our personal debt profiles, and our joint debt profile (Eg. Mortgage, Home Depot Credit Card, etc…) Love this app, recommend it to anyone.
  • Needing a Plan!!

    5
    By Reese555
    This is a great app to get you on track toward financial independence. Eliminating debt, while celebrating wins along the way. Highly recommended!!
  • I like the idea

    2
    By 239.nicole
    I like the idea but there doesn’t seem to be a way to add a payment. I only see the monthly payments but I’m trying to pay off my credit cards a few times in small amounts throughout the week and I don’t see a way to add those payments to keep track of what I still owe
  • 5+ stars

    5
    By woahbonk
    This app is so well thought through and organized! My go to for keeping track of debts and I like you have control of inputting data.

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