1. Home
  2. 💰 Finance
  3. Debt Payoff Assistant
Debt Payoff Assistant

Debt Payoff Assistant

by Steve Tran

137 ratings
124 reviews
💼 Business
💰 Finance
Free

Details

  • Released
  • Updated
  • October 26, 2011
  • September 18, 2017

Developer

Steve Tran
✨Promote your app ✨
Debt Payoff Assistant screenshot #1 for iPhone
Debt Payoff Assistant screenshot #2 for iPhone
Debt Payoff Assistant screenshot #3 for iPhone
Debt Payoff Assistant screenshot #4 for iPhone
Debt Payoff Assistant screenshot #5 for iPhone
iphone
ipad
📌Ready
Reviews summary↘︎
⭐124
Reviews↘︎
📝8+ tags
Tags↘︎
🔄6+ apps
Alternatives↘︎
❓5 answered
FAQ↘︎
📦w/o updates
Updates frequency↘︎
🖼️Get Icon
Icons↘︎

About

This app helps you pay off debts faster using popular methods like the debt-snowball. Track multiple debts, set custom payoff strategies, and visualize your progress with charts and reports. Get payment reminders and secure your financial data.

✓Debt-snowball method
✓Multiple debt tracking
✓Custom payoff strategies
✓Payment schedule and tracking
✓Progress charts and reports
✓Payment due date notifications
✓Passcode security
Show original description

What users say

Summarized from real user reviews of Debt Payoff Assistant. Based on 137 reviews and a 3.6/5 average, it highlights the 4 positives and 4 negatives reviewers mention most about this Finance app.

Positive things

  • 🚀Motivating progress tracking
  • 👍Simple and easy to use
  • 💡Helpful debt payoff strategies
  • 🚀Efficient debt management

Negative things

  • 🐛Inaccurate date calculations
  • 🔧Lack of flexibility to edit entries
  • 💡Need for additional payment frequency options (weekly, bi-weekly)
  • 🔧Issues with adding new debt
See all reviews

What's New in Debt Payoff Assistant

5.1

September 18, 2017

This app has been updated by Apple to display the Apple Watch app icon. Fix issue with app failing to launch on iOS 11

More

User reviews

Most RecentHighest RatedLowest Rated

Awesome!

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!
Kickbox QueenKickbox Queen

Been using this app for years

This app was fantastic because it’s so basic I love it but I went to add a new debt and now it won’t open. Super sad.
MisssharibabyMisssharibaby

Missing feature?

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?
Ladypants1234Ladypants1234

Beginning date

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.
GUNGUY2024GUNGUY2024

One major problem

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
Findme299Findme299
See 119 more reviews

Developer apps

Loan Calculator Pro
Loan Calculator Pro

by Steve Tran

💰 Finance

(22)

$0.99
Mortgage Calculator Pro
Mortgage Calculator Pro

by Steve Tran

💰 Finance

(70)

$0.99
Debt Payoff Pro
Debt Payoff Pro

by Steve Tran

💰 Finance

(83)

$0.99
Accounts 2 Checkbook
Accounts 2 Checkbook

by Steve Tran

💰 Finance

(6.6K)

$3.99
Accounts 2 Lite - Checkbook
Accounts 2 Lite - Checkbook

by Steve Tran

💰 Finance

(143)

Free
See developer apps

User experience

🐞

Reported Bugs

3 issues

App freezes or crashes when trying to enter data

Bug

Incorrect payoff dates shown when adding new debt

Bug

Unable to undo or cancel accidental payments

Bug
✨

Requested Features

4 requests

Add ability to edit payment amounts and dates

Feature

Implement weekly/bi-weekly payment options

Feature

Allow lump sum payments and see impact on payoff date

Feature

Sync data across devices via iCloud

Feature

FAQ

What is the Debt Payoff Assistant app?

Debt Payoff Assistant is a free, ad-supported application designed to help users pay off their debts efficiently. It primarily utilizes the debt-snowball method, where you pay minimums on all debts except the smallest, which you attack with extra payments. As debts are paid off, those payments are rolled into the next smallest debt, creating a 'snowball' effect.

What are the key features of this app?

The app allows tracking of unlimited debts, supports multiple payoff strategies (lowest balance first, highest balance first, highest interest first, custom ordering), and provides debt payment tracking. It also includes built-in calculators for payoff dates and mortgages, charts and reports to visualize progress, payment due date notifications, and passcode security for privacy.

Is this app free to use?

Yes, Debt Payoff Assistant is a free, full-featured version supported by advertisements. For an ad-free experience, users can search for 'Debt Payoff Pro' in the App Store.

What devices is the Debt Payoff Assistant compatible with?

The app is a Universal Binary, meaning it is designed to work on iPhone, iPod Touch, and iPad devices without requiring separate purchases for each. This ensures a consistent experience across Apple's mobile platforms.

How does the debt-snowball method work in this app?

The app guides you through the debt-snowball method by allowing you to list all your debts. You'll make minimum payments on all but one debt, focusing extra payments on the smallest balance. Once that debt is paid off, you add its previous payment amount to the extra payment for the next smallest debt, and so on, accelerating your payoff journey.