Debt Free –Pay Off Debt Faster

I have used this app for many years and loved it. The calculators helped me plan and be strategic in paying off loans and save money. The app was updated without any warning and the new format deleted all of my saved calculators and important information. The new format does not appear to be as user friendly and I’m being advised there is no way to recover the lost information I had previously saved in the saved calculators. I guess all good things eventually come to an end and that seems to be the case with this app unfortunately. I regret not saving the information I was using in another format but this has taught me a very valuable lesson. I just wish that the developer(s), would have given some advance warning that information would be lost forever with this update so we could have prepared and saved/preserved the valuable information before losing it forever. I ranked the original app a 5 but the new design and loss of saved information is making me look for another app moving forward. Thanks for teaching me a very valuable lesson by learning the hard way:(

This app is super simple to use. Just enter your debt, interest rate, min payment, due date, credit limit (or original balance) and current balance. It then tells you how much total debt you have and how soon you can pay it off using the calculated plan you choose (snowball or not, highest interest, lowest balance, custom, etc). It really opened my eyes to my debt situation and gave me a clear plan...for that it deserves 5 stars. There are a couple of issues that are mentioned in previous reviews. When you make a payment, it doesn’t credit it in the payment schedule. For example, I owed MasterCard $200 and Visa $400. Making an August payment of $200 to MasterCard and $25 to Visa, means that my September payment should be $225 to Visa. Instead it now wants me to make another August payment of $225 to the Visa. I would think that this would be an easy fix for the app designers. Knowing that the app does this, means that I am just looking at due dates and applying the snowball payment to the correct debt, while paying minimum payments to everything else.

I’ve been trying for years now to make a snowball plan but I’ve never been able to get all the math done and actually stick to it. This app has been so much help and has kept me on track to reaching my goals! Just punch in the numbers and the app does the math and I love the figures it gives me, very detailed. If I stick to what I’m doing and keep everything going in the plan, I will save over $35,000. This is great. The only downside of this app is that it looks... old? I really wish they could make it look prettier and more modern. The looks are the only thing keeping me from giving it a 5star review.