4 top debt payoff apps in 2020

It’s obvious that technology has made an impact in finance from online banking to automated debt payoff apps. As such, you should make use of all the debt relief tools you can get. In the process of reducing your debt, a budget and a debt payoff planner can be immensely helpful.

There is an array of numerous mobile applications on the Apple App Store and Google PlayStore to select from. You can also make use of the Google sheets budget template if you like to do a budget on a spreadsheet.

Below are the most effective debt payoff planners that you can access in the market right now. Here are some top debt payoff apps in 2020.

1. Savvy Debt Payoff Planner (Android and iOS)
2. Debt Payoff Planner (iOS and Android)
3. Debt Payoff Pro (Android)
4. Debt Planner & Calculator (Android)

1) Savvy Debt Payoff Planner (Android, iOS)

In my opinion, and from reviews from the app users, the Savvy Debt Payoff Planner is one of the best debt payoff planners that exist. The app works perfectly on both Android and iOS devices. The app was developed by Ascend Finance. The main purpose of the app is to help your stay out of debt and to repay all your debts. It can also help you calculate the smartest way to pay off your debt. The most interesting part of this is that it is extremely user-friendly.

The Savvy Debt payoff Planner app makes use of an impressive debt payoff method that uses both of the most effective debt payoff strategies, which are; the debt avalanche and debt snowball method. When you use this app, you can save an average of $2000 in debt payments.

There is also room for connecting your bank account, this will help you to monitor your transactions. It also makes it much easier to manage and decide the modalities for repaying your debts.

While you’re making use of the Savvy Debt Payoff Planner, you should ensure that you consider your expenditure and your income from all sources to know what you can afford to pay so that you can quickly clear off your debt.

This app can also help you to target the debt that you should pay first.

2) Debt Payoff Planner (iOS and Android)

This debt payoff calculator is available for both Android and iPhone users. The app is offered by OxbowSoft LLC. The most current version is 2.16 and the last time it was upgraded was in January 2020. This application is available for individuals with an Android phone that runs on at least Android 4.4.

This app does now require that you sign up or log in before you can use it. The app can be downloaded and used to plan your debt payoff. And if you find the app soo useful that it’s worth the premium version, then you should upgrade to the paid version of the app.

While you’re using the app, you should input all your debts and check how long it’ll take to settle your debt if you use the debt snowball or avalanche method. From the reviews on this app, it’s safe to say that it’s easy to calculate and apply the debt payoff method that works best for you. New payments can also be added while using the app. The fact that you’ll see the exact date you’ll be debt-free keeps people motivated to continue paying their debt.

3) Debt Payoff Planner (Android)

Although this app also shares the same name with number 2 above, this app is offered by Swiftmatic LLC. The version of the app that you can download on your device depends on your device itself.

If you’re bothered about which loan you should clear first, the length of time it’ll take you to be debt-free, and the simple strategy that guarantees you a debt-free life, then this is the app to opt for.

If you use this app, you’ll see the number of days you have left to be debt-free. You will also be more motivated to repay your debt.

4) Debt Planner & Calculator (Android)

If you don’t know the exact amount you’ll have to pay monthly to settle your debt, then this app is a good option for you. This app helps you to make both variable and fixed payments.

This app gives you further details about your current debt. For example, you can know the length of time it’ll take you to pay off your debt, the total interest that you’re paying on the loan, your current APR, and so on. The app is also effective in calculating auto loans etc.

This app has some impressive features like monthly payment reminders in your device’s status bar, auto back and restore, sending your monthly planner to .csv, etc.

The app is user-friendly to an average smartphone user. It’ll also remind you when there is an upcoming payment.