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$4.99
iPhone / iPad
Genres:
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  • Finance
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Pay Off Debt app review: get out of debt and stay ahead permanently

Reviews

Introduction

Whether you’re simply looking for a way of managing your mortgage payments more efficiently or it has become time for you to take a pair of scissors to your credit cards, this iPhone and iPad app should help you get your debts paid off in a timely manner thanks to its smart snowballing approach.

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This app utilizes a fairly common snowballing method to help you restructure your bill payments and get everything paid off in the most efficient way, or at least the way that is most preferable to you.

I really like the idea of providing users with a low-cost solution to managing their own debts rather than deferring one’s financial decisions to a third party, so I would definitely recommend considering this app if you’ve got a few outstanding amounts to pay off.

Pay Off Debt

$4.99

Snowball Your Debt Payments

Pay Off Debt quite cleverly enables you to prioritize your debts based on your own preferences, so if you want to pay off the lowest balance first to free up more funds for the remaining debts then you can, and if you want to get the highest interest debts paid off first, then that’s an option too.

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When you first set up your debts in this app you’ll need to specify a target final payoff date, at which point you’ll be able to clearly see what is going to be required in order for you to achieve your goal.

Snowball Your Debt Payments image

Share Your Records via Email

When it comes to tracking your ongoing payments, there are obviously record-keeping tools for monitoring your installments but you can also take a quick glance at progress bars for a visual presentation of how close you are to getting a given debt paid off.

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What’s more, if you’re working alongside an accountant or financial advisor of some kind then you’ll be pleased to know that you can also share your records with them via email. This makes it easy as pie for you to send over detailed reports to whomever you wish.

Share Your Records via Email image

Pay Off Debt

$4.99

Pros and Cons

Pros

  • Utilize a practical snowballing method to pay your debts off effectively
  • Prioritize your debts based on which has the lowest balance, highest interest, or in some other way
  • Use progress bars to see how far into your debt you are
  • Share your records with others online via email
  • Set a final payoff goal date and see what is required to achieve it
  • Incorporate taxes, interest rates, and insurance into debt payoff calculations and estimations
  • Use the Custom button to record a payment that's different than the regular minimum payment
  • Set up any number of reminders to ensure your bills are always paid on time
  • Keep your records safe and secure with passcode protection
  • Choose from a number of global currencies

Cons

  • There is nothing negative to say about this app

Pros and Cons image

Final Words

Pay Off Debt might not be the iPhone and iPad app for everyone but I can definitely see it helping quite a few of you, so it definitely receives my recommendation.

Pay Off Debt

$4.99
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MarkBangs

Mark is an opinionated writer who loves to review apps. In 2012, he started reviewing Apple apps on a regular basis and wonders how he survived up to that point without these apps.