Application To Analyze And Payoff Debts

Anishu has announced the release and availability of Debt Strategy 1.0, a new personal finance application for iPhone and iPod touch users. The application helps users identify the best pay-off strategy for their debts and execute on the chosen strategy.

Debt Strategy helps users take control of their debts. The application's simple and intuitive user interface helps users quickly enter their debts and see when each debt will be paid off. In addition, the users can accelerate the payoff by either adding payments from the paid off loans or by making additional payment on one chosen debt at a time. Debt Strategy supports multiple strategies such as:

* Minimum Payments Only
* Lowest Balances First, with rollover of payments from paid off loans
* Highest Interest Rate First, with rollover of payments from paid off loans


The users can analyze how the choice of payment strategy or different extra amounts will help pay off the debts sooner, and save on the total interest paid. Debt Strategy includes:

* Ability to enter debts and track debts
* Ability to identify the best pay-off strategy, and perform what-if analysis with different additional amounts and pay-off strategies
* Graphical overview of how the debts will be paid off
* Pie/Bar charts for debt break down by category, or remaining balance
* Monthly payment schedule for each debt
* Ability to enter payments during the life of the loan, and accurately track remaining balances
* Payment reminders so users can make your payments on time
* Ability to override the home currency
* Option to email a report
* Password protection

Pricing and Availability:
Debt Strategy 1.0 is only $0.99 USD (or equivalent amount in other currencies) and available worldwide exclusively through the App Store in the Finance category.

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