Simplest way to stop feeling overwhelmed and start having a specific, step-by-step plan for paying off your debt.

Today is the day to make a plan and beginning paying down debt. Required inputs for calculating your debt free date are the current balance of the loan, the APR, and the minimum payment amount. That's the only requirement to getting a customized debt repayment schedule.

Easy steps to becoming debt free:

Enter your loans and debts
Enter your additional monthly payment budget to pay down faster
Choose a debt payoff strategy
- Debt Snowball (lowest balance first).
- Debt Avalanche (highest rate first)
- Custom debt free payoff plan

Debt Payoff Planner and Calculator determines the optimum payment plan and how long it will take until you will be debt free. We recommend the Debt Snowball strategy because we believe that paying off individual accounts faster will help you stay focused on your financial goal of debt elimination. A payoff plan is only useful if you stick with it!

Your ability and willingness to pay more than the minimum payments is how you will become debt free in less time than you imagined. Budgeting your income will help you to get a regular monthly amount to pay down the debt faster. The payoff chart will show two payoff scenarios: only paying the minimum amounts, and the repayment schedule when you pay more the the minimum ever month.

Additionally, there is an option to create an account for saving debt payoff and payment information. This account can be accessed across multiple devices, from multiple app stores. Creating an account is entirely optional, but it does enable you to have a secure backup and your information is immediately available if you start using a new device.

We believe that becoming debt free requires an easy starting point. The loan calculator has minimal inputs in order to make your money management easy to follow.

The Debt Payoff Planner and Calculator is also used for tracking payments and updating the time-frame for becoming debt-free. Inputting payment information is as simple as typing in the amount and the date the payment was made. The goal of payment tracking is to see your progress over time and stay focused on your financial goals.

In addition to being a debt and loan tracker, we are also trying to help point out some possible next steps with articles focused on how to pay off student loans, auto loans, and credit cards faster. Also, there is some tips on credit card balance transfers as well as strategies for debt consolidation. We hope that our resources will enable you to be your own finance manager and assist you in your journey to becoming debt free.

Keywords: debt tracker, debt management, debt free, debt calculator, student loans, debt consolidation, auto loans, debt control, credit card debt

What's New

Version 1.2.6

Minor format changes

Ratings and Reviews

3.9 out of 5
121 Ratings
121 Ratings

Called it quits

I’m sorry to say I had to call it quits for this app. I’ve been using it for a while now but have had consistently increasing problems with stability and crashing.

I was able to tolerate that for a while because of its great user interface and features, but manually adding the payment after manually calculating the interest and fees became too cumbersome, especially when the app would randomly refresh losing all my work.

I’m sad to say I had to move on to a different app 😢. There are several apps that do all of the interest calculations and payments automatically with an easy tap of a button and don’t charge a fee for “pro features”. I’m now using them. Sorry.

Developer Response

This is fixed in the latest release. Plus, check out the new charts!


Idea is good...

It’s not completely user friendly. It does not include commas, even for five figures. I tried to include them myself, and it erased the entire entry. Very irritating. It is also inconvenient to have to enter in my payment to my principle only. I have to search for that on my loan website, and it gets tedious.

However, aside from that, I do like the layout. I like that it shows the progress I’ve made, how far extra payments will get me, and current & starting balance. But please include commas! Seeing a bunch of digits next to each other is not settling to the eye when you’ve been trained your whole life to use commas for 5+ figures.

Developer Response

Thanks ESlike, this is great feedback and we're glad to hear the plan is helping you. We'll look into adding commas for you. As far as adding the interest, there is already calculator button that will put in the estimated interest accrued. It won't be as exact as the value from your credit card company, but it should be very close. Hopefully that saves you some time.



I've used several different apps, trying to find the right one for my needs. After one session with this app, I knew I had the right one! Even though my bills only show in the order I enter them, the breakdown of how to pay, what to pay and for how long is easy to follow and specific. Everything you need is available if you enter everything you can, right down to the interest rate! I am now following my plan and loving the results!!


OxbowSoft LLC
22.8 MB
Requires iOS 9.0 or later. Compatible with iPhone, iPad, and iPod touch.
Age Rating
You must be at least 17 years old to download this app.
Unrestricted Web Access
© 2015 OxbowSoft LLC


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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