Archived App (Last seen on 15 Mar 2025)
This is an archived listing of the app previously available on the App Store.
Organize all your loans and track payments in one place. Explore different payoff strategies like Snowball or Avalanche to become debt-free faster. Budget your income to accelerate debt repayment.
1.1
October 21, 2020
- Minor bugix - Changed metadata for iPad
Debt Payoff Tracker supports popular strategies like Snowball and Avalanche, as well as custom-made strategies. This allows users to choose the method that best suits their financial situation and preferences for becoming debt-free.
Yes, the app allows you to budget your income, which helps in determining a regular monthly amount to pay down your debt faster. This feature is crucial for accelerating your journey to becoming debt-free.
Yes, the payoff chart displays two distinct scenarios: one where you only pay the minimum amounts due, and another illustrating the repayment schedule when you pay more than the minimum each month. This visual comparison aids in decision-making.
The app is an advertising referral service for lenders. APRs range from 6.63% and vary by lender, but do not exceed 35% for loans sourced through the app.
The minimum and maximum repayment periods for loans facilitated by the app range from 90 days to 3 years. This provides flexibility for borrowers based on loan amounts and repayment capacity.
A representative example shows that borrowing $2,500 over 1 year with a 10% APR and a 3% fee results in a monthly payment of $219.79. The total amount payable is $2,637.48, with $137.48 in total interest.
Debt Payoff Tracker is available on iPhone, iPad, and iPod. The app is designed for iOS devices, allowing users to manage their finances across Apple products.
The app was last updated on October 21, 2020, with version 1.1. While the last update was in 2020, users can check the app store for any newer releases or patches.
