Debts

• How do I edit debt detail or to remove a debt?

• To edit the debt detail, on the main Debts table, tap on the blue color disclosure button at the right end of a debt. This will bring out the "Edit Debt" screen for editing or to remove a debt.

• Why can't I edit the opening balance?

• The opening balance of each debt is not editable by design. To correct the debt balance, please capture its payment or spending using the debt's transaction screen.

• Why can't I edit the planned payment?
• Planned payment is not editable when Snowball method is turned on. The planned payment amount of each debt is automatically set when you turn on the Snowball method and is used to calculate interest payment and payoff date.

Payoff Plan

• What is payoff plan?
• Payoff plan is the payoff order of your debts. For example "Lowest Interest" payoff plan means the debts are ordered by the interest rate from lowest to highest. The debt with the lowest interest rate will be the first debt targeted to pay off under this plan.

• What is the use of the payoff order?
• Payoff order is used when you turned on the Snowball method. Under Snowball method, you pay the minimum payment amount for each debt except for the first debt in your payoff order. The Extra Payment amount together with minimum payment amount will be paid to the first debt. When a debt is paid off, its minimum payment amount will add to the Extra Payment amount. This snowballed amount is then apply to the payment of the next debt in the payoff order.

• What is Extra Payment?
• Extra Payment amount is used for the Snowball method. When Snowball is turned on, Debts app will add this amount and the minimum payment amount to the planned payment amount for the first debt under the payoff order. The planned payment amount is used to calculate the estimated interest payment and payoff date.

General

• Why the 'Save' button is not enabled when I'm editing debt detail such as interest rate?
• The 'Save' button is not enabled while in editing mode. After entering a value to a field, tap the 'Done' button on the keypad or an area outside of the field to exit edit mode. The 'Save' button is also not enabled when all the required fields are not entered.

• Can I use currency other than the dollar?
• Yes. Debts app uses the region format of your iOS devices for the currency. The setting is under the Settings app > General > International > Region Format.

• I've forgotten about the passcode. Is there a way I can unlock it?
• The passcode is stored securely and not even us is able to unlock it. If you've forgotten about the passcode, the only way to continue using Debts app is to delete Debts app and install it back. Deleting Debts app however will remove all data in the app.

• Is there a free version of Debts app?

• There is no free or lite version of Debts app.