In my latest Credit.com column, I write about an iPhone app called Debt Free that helps people use the Snowball method to pay off credit card debt
Over the summer, I used credit cards to pay for things I’d ordinarily have used cash to purchase: vacation expenses, back-to-school supplies, school books, clothes for my kids, and business travel expenses. It added up fast. As a result, I am now carrying balances on three different credit cards. The total amount I owe is large enough that I can’t pay it off immediately, so I needed to come up with a plan to get out of debt. I figured there’d be an app for that, so I looked around the iTunes app store and found something called Debt Free. It’s a well constructed app that helps you use the “Snowball method” to pay down your debt (including credit cards, car loans, lines of credit or any other kind of loan).
