App Profile: Debt Payoff Plan Calculator

Stefabu

Rating: 4/5

Wow... We've done snowballing for a long time but have lost our way recently. This is a great tool for putting things in perspective and showing you that you really can pay off that debt! I'm excited. If we can stick with this, we will be 100% debt free in 12 years (including mortgage and student loans). The only think I would like is the ability to sort your debts by balance on the debt list screen so you can see at a glance what order things are being paid off in. It would also be helpful if it provided a payoff date for each individual debt. Add those options and you've got yourself a 5 star review! Thanks for a very motivational app!

Conch863

Rating: 5/5

I have been searching for an app like this it is perfect! I love how the app shows you when you'll pay off the credit card and how much interest youd pay if you only paid the minimum every month. It gets you motivated to want to pay more. For instance i have a credit card where i owe $2,470 a interest of 25% and minimum monthly payments of $80/m. If stay only paying the minimum monthly amount I would pay it off in Sept 2027 and id pay $1,529 extra in interest so in total it would be $3,999. Thats crazy!! So if i pay $500 extra a month id pay this card of in Dec of 2023 and I only pay $145 in interest than so i finish it off with paying $2,615 in total. It will also show how much in interest youll pay for each month which is so awesome☺️ If your like me and want to start to understand where your going with this debt and what you need to do to pay of your debt sooner. I highly suggest downloading the app.

TristanCajar

Rating: 4/5

I have tried a lot of different programs to find out a number of debt payment schedules. I realized that there was no clear view of what was going on with my money, and this program has by far, been the best. So much so, that I pulled this out during a financial training course, and everyone was wowed by the assumptions made by the program, like giving money owed, when paid by, total interest paid, and other great tools such as the graph. Even as MINT is a great day to day tool for figuring out cash flow, This tool has allowed me to plan long range, and get a grip of debts. THANK YOU SO MUCH!