Debt Snowball - Payoff Tracker 4+

Payment plan & loan calculator

Polybit Studio Pty Ltd

Designed for iPhone

    • 4.7 • 90 Ratings
    • Free
    • Offers In-App Purchases

iPhone Screenshots

Description

Overwhelmed with debt? Get debt-free faster using the Snowball/Avalanche payment strategy, recommended by many financial experts.

Simply add your debts and Debt Free will help you choose the best pay-off method so you pay less interest, save more money, and become debt-free sooner!

FEATURES:
• Add multiple debts
• Choose any repayment frequency (weekly, fortnightly, monthly, quarterly, six months, yearly)
• View total amount due, total interest paid, repayment amount/frequency, next due date and days remaining for each debt
• Check off and keep track of every payment towards a debt
• See the principal and interest paid on each payment
• Choose between four popular payment strategies recommend by financial experts:
— Standard
— Avalanche (Highest Interest Rate)
— Snowball (Lowest Remaining Balance)
— Snowball (Highest Remaining Balance)
All strategies include the pay-off date, total interest and the total saved.
• Keep your debts private with a Passcode, TouchID or FaceID
• Get push notification reminders for a specific date and frequency so you'll never forget to make a debt payment
• Supports different currencies

Got feedback or ideas? Feel free to reach out to support@polybitstudio.com

What’s New

Version 2.0.0

Debt Free is now available for free download! Give it a go, and unlock the Avalanche and Snowball method with an in-app purchase.

The Avalanche and Snowball methods will be unlocked automatically for existing paid users. If you have any issues, tap Settings > Restore Purchases.

Ratings and Reviews

4.7 out of 5
90 Ratings

90 Ratings

Msgerfan ,

Debt repayments made easy!

Debt Snowball is the app I needed to finally make sense of my debt repayments. It's very user-friendly, allowing me to list all my debts and pay then focus on paying off the smallest ones first. While keeping up with minimum payments on other debts, I started to see real progress. The best part is when I finish paying one debt, that payment gets added to the next one, creating a snowball effect. It may not be the most money-saving method, but the motivation it gives me is invaluable. Debt Snowball helped me gain control of my finances and feel more confident about becoming debt-free.

vash82 ,

Exactly what I needed

Great simple app that exactly what I need to help pay off my debts using the snowball strategy 👌

Developer Response ,

Thanks 🙏

antor72 ,

Half way there

This app is good but it’s missing a few features that would justify the $4.49 price tag, especially considering that it is aimed at people for whom money is an issue.

Firstly, once you enter your debts and they appear neatly on the main screen, it can not be moved... like at all, it appears in the order it was entered and that’s it.

Second, Payment strategies are hidden away in the settings, and once you have selected one... absolutely nothing happens!

Thirdly, additional payment can not be added to upcoming payments and be used as a forecast for the remaining balance, it can only be added and then immediately triggers the payment to be marked as complete.

Lastly, when setting up a debt, it doesn’t let you enter custom figures, such as if the debt were subject to a payment plan that is not being calculated in the standard principle plus interest format.

Despite these points this app has a lot of potential and with some additions could be a product well worth the price of admission!

App Privacy

The developer, Polybit Studio Pty Ltd, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer's privacy policy.

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Identifiers
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

More By This Developer

PokeArt - TCG Card Maker
Entertainment
Loot - Savings Money Tracker
Finance
Craftbound - MMO Idle RPG
Games
Crossy Ducklings
Games
Tabata Timer - Boxing Timer
Health & Fitness

You Might Also Like

Debt Payoff Planner & Tracker
Finance
UnDebt - Payoff your debt Calc
Finance
Debts Break
Finance
Debts Monitor
Finance
Debt Control – Учет долгов
Finance
Envy: Envelope Budget Planner
Finance