# Debt Payoff Assistant

> Debt payoff assistant using snowball and other methods with tracking and reports. (iPhone/iPad app by SVT Software.)

- Source: https://appshunter.io/ios/app/debt-payoff-assistant/id475099959 (this page in markdown: same URL + `.md`)
- Developer: [SVT Software](https://appshunter.io/developer/286029963)
- Category: Finance, Business
- Price: Free
- Rating: 3.60/5 from 136 App Store ratings · 125 written reviews indexed
- Age rating: 4+
- Requires: iOS 8.0 · 4 MB
- Languages: American English
- Released: 2011-10-26
- Data updated: 2026-08-16
- Monetization: ad-supported
- User reviews in markdown: https://appshunter.io/ios/app/debt-payoff-assistant/id475099959/reviews.md

## What is Debt Payoff Assistant?

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

## Key features

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

## What do users think of Debt Payoff Assistant?

Overall sentiment: positive

**Pros**

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

**Cons**

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

**Commonly reported bugs**

- App freezes or crashes when trying to enter data
- Incorrect payoff dates shown when adding new debt
- Unable to undo or cancel accidental payments

**Most requested features**

- Add ability to edit payment amounts and dates
- Implement weekly/bi-weekly payment options
- Allow lump sum payments and see impact on payoff date
- Sync data across devices via iCloud

## Recent user reviews (10 of 125)

All indexed reviews: https://appshunter.io/ios/app/debt-payoff-assistant/id475099959/reviews.md

### 5/5 — Awesome!

*2024-11-20, version 5.1*

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!

### 2/5 — Been using this app for years

*2024-06-03, version 5.1*

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.

### 3/5 — Missing feature?

*2024-05-05, version 5.1*

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?

### 4/5 — Beginning date

*2024-01-14, version 5.1*

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.

### 3/5 — One major problem

*2023-09-02, version 5.1*

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

### 1/5 — Latest update stinks

*2023-06-27, version 5.1*

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.

### 5/5 — This app is just what I was looking for!

*2023-05-18, version 5.1*

I have been trying so many debt payoff calculators to find one without all the bells and whistles and is just simple to use. This one provides the exact information I needed for my debt payoff and it’s so easy to use! I highly recommend this app if you just need to know the basics for your debt payoffs. It saves your inputs, you can compare different payoff strategies and I didn’t pay anything to use it. Thank you for this app, it’s great!

### 3/5 — Snowball not working correctly

*2023-02-18, version 5.1*

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.

### 4/5 — Almost there

*2022-11-02, version 5.1*

This is a good debt payoff app with one major flaw.  It assumes that people don’t have an instance where they add new debt.  I say this because when you do add NEW debt, it defaults the start date to when you initially set up the app.  

For example, I’ve been using this app for a while to get free and clear of all debt however, my car died so I had to purchase a new car.  When I add the new car to the app it makes the start date for payments the same date that I started using the app.  That does not allow me to correctly track my debts.   

I would purchase if this were fixed.

### 3/5 — Error!

*2021-10-14, version 5.1*

You are using “princiPLE” when referring to a sum of money. WRONG! It should be “princiPAL”!

## Frequently asked questions about Debt Payoff Assistant

### 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.

## Version history (last 5 releases)

### 5.1 — 2017-09-18

This app has been updated by Apple to display the Apple Watch app icon.

Fix issue with app failing to launch on iOS 11

### 5.0 — 2017-05-03

- Optimized for iOS 8
- Bug fixes

### 4.0 — 2014-04-09

- Optimize UI screens to add support for 4” displays and iOS 7.
- Ability to backup / restore data via the action button on the upper left corner of the Settings screen.
- Minor bug fixe and UI improvements.

### 3.0 — 2012-04-05

- Upgrade icons and graphics to support the new iPad's Retina display.

✥ Please check out our Ace Budget 2 app with iCloud sync.  Thank you!

### 2.0 — 2012-02-20

✥ Fix bug where paying off a debt with extra payments may result in a negative payment amount for a subsequent debt.
✥ Fix bug relating to highlight of tab icons and labels.

✥✥✥✥✥

We worked hard developing this app and provided it to you without a tab.  Please show your support by clicking on an ad.  It will surely make us very glad.  Thank you!

✥✥✥✥✥

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## More apps by SVT Software

- [Loan Calculator Pro](https://appshunter.io/ios/app/loan-calculator-pro/id304485729)
- [Mortgage Calculator Pro](https://appshunter.io/ios/app/mortgage-calculator-pro/id315103123)
- [Debt Payoff Pro](https://appshunter.io/ios/app/debt-payoff-pro/id429095280)
- [Accounts 2 Checkbook](https://appshunter.io/ios/app/accounts-2-checkbook/id494333145)
- [Accounts 2 Lite - Checkbook](https://appshunter.io/ios/app/accounts-2-lite-checkbook/id496868060)

All apps by SVT Software: https://appshunter.io/developer/286029963

## Related topics

[debt payoff assistant](https://appshunter.io/ios/topics/debt-payoff-assistant) · [payoff](https://appshunter.io/ios/topics/payoff) · [svt software](https://appshunter.io/ios/topics/svt-software) · [free debt payoff tracker](https://appshunter.io/ios/topics/free-debt-payoff-tracker) · [debt payoff tracker](https://appshunter.io/ios/topics/debt-payoff-tracker) · [debt payoff](https://appshunter.io/ios/topics/debt-payoff) · [free snowball debt](https://appshunter.io/ios/topics/free-snowball-debt)

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-16.*