Misleading!

I have never felt the need to write a review until now.

I think most people are aware that the snowball effect refers to the act of adding the amount of a cleared debt to the amount of an existing debt to accelerate its repayment. More specifically using the lowest balance method to key in on people seeing their debt paid so they will keep it up.

My issue is that this app implies that it will create the schedule and plan once you input the debt and starting parameters. However in reality there is no link made at all between the debts they each stand on their own.

I expect if this method is applied my schedule for the next debt should show the extra payment once the first debt is at an end. I should not have to modify the schedule created to show the snowball effect on different debts. It would be easier to use a spread sheet with formulas which is what I do now. The app would be great to take with me which was the reason for my purchase.

In any case Im quite disappointed Im also greatful it was only 99 cents. If you Need a schedule of your debt and how much interest you will save on each with varying extra amounts. Its great. If you want to have them impact each other forget it.

Test89a about Debt Payoff Pro, v3.5.3