What Are the Best Debt Repayment Apps?


Managing your finances on the go is essential in the busy world we live in. We don’t have time to write transactions in a check register anymore, or file away a paper receipt. Thankfully, this technology age has made it very easy to stay on top of your debt while on the go.

Here is the list of the best debt repayment apps so you can record payments, see your progress and find the motivation to keep going.

ReadyForZero’s mobile app

I can’t deny that the ReadyForZero app (on Android too) is one of my favorites, which is why it’s at the top of the list. Since it integrates with the full online platform, the mobile version has all the same features. It helps you pay off debt and build wealth by helping you track your progress wherever you go.

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It allows you to simply create a plan, find your Debt Free date, and receive real-time tips and guidance. I personally enjoyed seeing my daily and monthly progress with their innovative chart tracker. With the PLUS version, you can check your credit score, pay bills and debt accounts.

Cost: Free

Pay Off Debt app

With the Pay Off Debt app you can go from stressing out about how to pay your bills, to taking a debt-free vacation. How? The creator of app used it personally to do just that! This app has been around since 2009 so it’s gained quite a lot of popularity, but the thing that Pay Off Debt focuses on is you.

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You create a custom plan to pay off your debts, and prioritize your debts how you like. You can record payments in several ways, and have payment reminders appear so you don’t forget. it helps guide your financial decisions to a better place. It’s all about creating long-term money habits.

Cost: $2.99

Debt Manager app

The goal of this app (like the rest on this list) is simple — to help you get out of debt fast. It’s super easy to use with a clean interface. The Debt Manager helps you organize, track and pay off all your debts using the cheapest and fastest way possible.

It does this by using the Debt Snowball method, which has been recognized as the most effective way to pay off multiple debt accounts. And you can track multiple debts, record payments, and view interactive reports, directly through the app.

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If you’ve been needing a simple debt payoff strategy, this app will help you achieve this. The summary shows your debt payment progress and includes a progress bar, your debt free date and the total interest savings.

Cost: $0.99

Debt Control Free app

This app makes getting out of debt very easy, by helping you organize, managing and pay off your debts. The Debt Control app includes tools to help you find a payoff strategy and then analyzes the results. It also calculates your Debt Free Date automatically, based on your payment schedule.

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One of the positives about this app is that it’s completely free, while still offering great features like, recording payments, tracking expenses and viewing your payment reports. Another cool thing is that it syncs with iCloud to other devices, like tablets and within iTunes.

Cost: Free

DebtTracker Pro app

This app is one that I used personally while I was trying to become debt free, and I really like the simplicity of it. The DebtTracker Pro enables you to stay on top of your finances while on the go. The user interface is very simple and allows you to directly focus on paying off your debts.

It features the ability to track your payoff plan using the debt snowball system, but you can also choose a different payment strategy, or even customize your own.

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When you decide on the payment strategy you want to use DebtTracker Pro automatically shows the recommended monthly payment amount for each account. Additionally it has payment reminder pop-ups that will help you remember to make your debt payments on time.

Cost: $1.99

Debt Payoff Assistant

Again, the name explains what this app does — the Debt Payoff Assistant helps you pay off your debts and get you on the right track to financial freedom. It also uses the debt snowball method as a recommended strategy for paying off debt.

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It offers the capability to track an unlimited number of debts, have multiple pay off strategies, and built-in calculators. You can also view your progress with their charts, reports and progress bar features.

Cost: Free

And just for fun, you can see the total U.S. debt load, as well as the debt from over 180 countries, in the National Debt of the United States app.

Image Credit: Robert S. Donovan

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  • Adwoman

    So with you guys turning off your app do you have any suggested replacements that auto adds debts and does the avalanche calculation?