SpenDebt

SpenDebt

About this app

SpenDebt is a financial technology company designed to assist people to pay off debt or bills, leveraging micropayments (i.e. $1.00) through every day transactions. As a customer spends, a predefined amount is automatically added to the transaction, then those micropayments are added up and submitted as a monthly payment. SpenDebt makes debt or bill repayment automatic and creates discipline, providing on time payments that reduce consumer’s account balance over time and improves their financial health. SpenDebt is helping to save one million families from financial fatalities every time they swipe their debit card or have a banking transaction.

Ratings and reviews

My only knock is having to input all if the debt details. I wish I could use the log in information the same way the banking info was done. I like that I don't have access to it, it creates discipline.

Very good. However, one issue that has cropped up is the amount of transactions. Having a flood of small ones can overload a bank account, so can it be consolidated to a weekly instead of individual?