Debt Payoff Planner & Tracker

Debt Payoff Planner & Tracker

By OxbowSoft LLC

  • Category: Finance
  • Release Date: 2015-11-04
  • Current Version: 2.2.1
  • Adult Rating: 4+
  • File Size: 3.72 MB
  • Developer: OxbowSoft LLC
  • Compatibility: Requires iOS 13.0 or later.
Score: 4.70503
4.70503
From 5,387 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

  • Needs 1 small tweek

    4
    By Awood279
    This app is great for seeing when you will become debt free. One thing it really needs it the ability to add different “extra funding” amounts based on bib-weekly paydays. I get paid on the 10th & 25th and my “extra funding” is different on this 2 paydays. But I can’t input that so I have to do it as 1 lump sum extra which throws off the whole plan because then it think so have this huge extra amount to carry into the next month.
  • Amazing

    5
    By Bill3370
    I actually just downloaded this app and started looking around after plugging in my numbers saw how motivating and helpful this is and purchased a year subscription! I’m all about purchasing things that are really useful and believe in making sure people are paid for their time. If you just try this out you will almost certainly see the value and the price is unbeatable! Great job on the app
  • Exactly what I needed

    5
    By Kaiporters
    I have been looking for a debt tracker/planner for so long now and I’m glad I stumbled upon this. I really enjoy how it creates a debt payoff plan for you and sets up which credit cards or debts to pay off first based on APR. I finally feel like I can see an end to my debt thanks to this app!
  • Love the app

    5
    By Kynetic2
    After you take the time to get your info together, app works great with a legit game plan!
  • Stopped working properly

    2
    By itsbrandon150
    Idk what happened, but the debt payoff plan now shows unrealistic payoff timelines because it thinks i have 1000+ extra to spend every month despite that field being blank
  • Poor User-ability and customization

    1
    By japjess
    I was unable to add one time extra payments without it affecting all future and past “minimum payments”. Not easy to add to plan or change, the only thing I see this app for is for closed loans where fixed payments are made each month.
  • Good and bad

    1
    By Zilopilot
    It’s a good app but you have to pay after adding a few debts, it won’t allow you to add more
  • Don’t hesitate to get!

    5
    By Divinegoddess639
    This is been an ultimate stress reliever. I now truly have a understanding of my debt and have a solid plan to pay off. I look forward working overtime because I know how the money is going to be distributed. I have a date to my end goal and it feels great. Best part is I love Dave Ramsey but I didn’t have to sell anything to accomplish my $280k in debt in 3 years including my mortgage.
  • Excellent

    5
    By Smily002
    I have been using the app and it provides me with a clear plan that I can follow. I like the options it offers to make extra payments and it shows you how to allocate those extra funds to continue paying down balances. When you have several balances, the app provides a lot of support. One does not have to worry or try to figure out anything. You just enter the info and follow the plan. Doing it on your own is frustrating and discouraging. Thank you for creating this app. It helps more than you can imagine to look at the plan and see progress, how long it will take, and watch progress.
  • Do not download, they steal your money.

    1
    By LondonMyst
    These people are thieves. I paid for the PRO subscription. $24.99 for the year, plus tax. I contacted support because I’m listed as a free user even after paying. I gave support all the information they required so that I could receive the services I PAID for and they told me to contact Apple to request a refund. Going to Apple, I can only access my purchases for the last month. So I’m out over $26 and can’t use what I paid for - nor does this poor excuse of a “company” do anything to restore the services I PAID for. They are thieves. Avoid them at all costs.

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