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Development of a loan repayment assistant service based on the Snowball method
Debt Free Box Mobile App
Enhance the app for tracking debts.
Goal
“Future Apps” is a mobile app development company focused on the financial sector.
The client approached us with an existing iOS mobile app. The app’s core purpose is to calculate a more efficient repayment schedule for clearing credit card debt, other loans, and mortgages.
The client approached us with an existing iOS mobile app. The app’s core purpose is to calculate a more efficient repayment schedule for clearing credit card debt, other loans, and mortgages.
Client tasks
1
Add calculation of a payment schedule using the Snowball method.
2
Refine the app in line with the original design.
3
Fix existing bugs in the app.
Our solution
We audited the app’s source code to identify bugs and their root causes, then fixed all issues.
We implemented the debt snowball logic and refreshed the design. The snowball repayment method prioritises clearing smaller debts first: users make minimum payments on larger loans while directing any extra funds towards smaller balances; once those are repaid, the freed-up money is rolled into paying off bigger debts, helping users see progress and become debt-free more efficiently.
We handed over the updated source code to the client. The project included a three-month warranty period, during which any issues were promptly addressed.
We implemented the debt snowball logic and refreshed the design. The snowball repayment method prioritises clearing smaller debts first: users make minimum payments on larger loans while directing any extra funds towards smaller balances; once those are repaid, the freed-up money is rolled into paying off bigger debts, helping users see progress and become debt-free more efficiently.
We handed over the updated source code to the client. The project included a three-month warranty period, during which any issues were promptly addressed.
- The debt snowball method logic has been implemented in the app.
- The app has been brought in line with the client’s design.
- Minor issues from the initial version have been fixed.
- The app features an English interface and can operate without an internet connection.
Results
Timelines and Team
1 person
3 months
Technology stack
iOS SDK
In-App Purchase
Xamarin
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