Debt Payoff Assistant

Debt Payoff Assistant

By SVT Software

  • Category: Finance
  • Release Date: 2011-10-26
  • Current Version: 5.1
  • Adult Rating: 4+
  • File Size: 4.22 MB
  • Developer: SVT Software
  • Compatibility: Requires iOS 8.0 or later.
Score: 3.5
From 228 Ratings


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



  • Love it

    By Cmann7
    This app is great. It does everything i need to track my bills. i would love to be able to add and subtract extra money to see how it affects my snowball. I would also be happier if new bills didn’t use the date i started using the app with a pay off date that’s already passed. It should show current date and then guess of when it should be paid off a Little later. I may not reach my goal date but at least i would have a shot
  • Review

    By mrstanyamiller
    Please allow DATE entry because everything does not happen in specific years
  • Ok

    By workni01
    Like the interface and the general concept, however, there is no way to modify individual payments, say if you get behind one month in your snowball. It counts on you following your preplanned extra payment amount the entire time, without ability to change as necessary without wiping out all your data and payments to date. This should be a pretty easy fix so I hope it will come.
  • Cancelling a payment

    By Gibblechip
    I’m with others on this one...I have tried everything to undo a payment that I didn’t make, I pushed several by accident figuring out the app, and now short of typing everything back over again and restarting over I can’t fix this. That’s too simple of a fix I would think to start all over! Please please fix this I love what this does but you don’t give us enough options to manipulate our debts around.
  • New debt dates are old

    By I pref online version
    I have a new debt and when I put it in, I can’t change start dates. It’s starting it for years ago. Very frustrating.
  • Glitch

    By JumboPackage
    I just purchased this app to help pay off my debt. I chose snow ball strategy and typed in 3000 extra a month. The app told me I would be paid off by next January. Then I made my extra payment 3400 and it added 2 months to a March payoff, rather than showing an earlier payoff... clearly this isn’t right. The app is bulky as well with useless features. I am upset with this purchase
  • No flexibility

    By 80sppl
    This app is easy to use but there is no flexibility. For example, it’s forcing me to put in a payment double what is due. Sorry but this app won’t work for me as the numbers will be all wrong.
  • No iCloud Support. Need to update each device.

    By LoriMS
    His app would be great if I didn’t have to update each device separately. ICloud support would be great.
  • Keeps me focused

    By pook503
    So easy to use and great visual layout. Keeps me focused on paying off my debts!! Highly recommend.
  • Highly Recommend !!

    By Markphon
    I don’t usually write a review but I think this app deserve 5 stars. I usually write down all my financial debts doing the snowball method on a journal. This app makes it easier for me to input my debt, interest rate of my loan/credit cards and monthly payment. The best part is you can see the progress you’ve made🙌🏻 Here’s to paying off your debts and keeping track.