FAQs

Welcome to DebtGuru! We’re here to help you manage your debts with ease. Below are answers to frequently asked questions. If you need more assistance, feel free to contact us at info@debtguru.app.

1. What is DebtGuru?

DebtGuru is a debt management app designed to help you pay off your debts. It offers three different methods for arranging and managing your debt: Avalanche, Snowball, and Monthly Payments (with the option to prioritize the highest balance). The app helps you stay organized and track your progress as you work toward becoming debt-free.

2. What is the Avalanche Method?

The Avalanche Method helps you pay off the debt with the highest interest rate first. This method minimizes the amount you pay in interest over time. Once your highest-interest debt is paid off, you move on to the next highest.

3. What is the Snowball Method?

The Snowball Method prioritizes paying off the smallest debt first. Once the smallest debt is paid off, you move on to the next smallest. This method can help keep you motivated with quick wins as you eliminate smaller debts.

4. What is the Monthly Payment Method?

With the Monthly Payment Method, you set a fixed amount to pay toward your debts each month. You can choose to prioritize the debt with the highest balance or follow another approach that suits your preferences. This method helps you stay consistent with your payments.

5. How do I choose the right debt repayment method?

The right method depends on your preferences and goals:

Avalanche Method: Choose this if your goal is to save money on interest. Snowball Method: Opt for this if you want quick wins and motivation from paying off smaller debts first. Monthly Payment Method: Best for those who prefer a fixed, easy-to-manage monthly payment.

6. Can I track multiple debts at once?

Yes! DebtGuru allows you to add and manage multiple debts, such as credit cards, loans, and more. You can view and track your overall debt progress through the method of your choice.

7. Does DebtGuru show how much interest I’m saving?

Yes! If you choose the Avalanche Method, DebtGuru helps you track the interest you save by paying off high-interest debts first, allowing you to see how much you could potentially save over time.

8. Can I change my payment method or strategy later?

Yes! You can easily switch between the Avalanche, Snowball, or Monthly Payment methods at any time, depending on your needs or preferences.

9. Is DebtGuru secure?

Yes, DebtGuru takes security seriously. We use industry-standard encryption to protect your data, and your personal and financial information is kept private and secure.

10. Is there a mobile app available?

Yes! DebtGuru is available as a mobile app on iOS. You can download it directly from the Apple App Store.

11. How much does DebtGuru cost?

DebtGuru is available for £9.99 per month. This gives you full access to all features, including debt tracking, method options, and progress monitoring.

12. How can I contact customer support?

If you have any questions or need assistance, you can reach us via email at info@debtguru.app, or visit our website to chat with our team.

13. Where can I download the DebtGuru app?

You can download the DebtGuru app for iOS directly from the Apple App Store.

14. How do I get started with DebtGuru?

Getting started is simple! Download DebtGuru from the iOS store, input your debt information, and choose the repayment method that works best for you. Start tracking your progress and working toward becoming debt-free!