Debt Calculator for iPhone

A grphaic rich UK based Application for the iPhone which is a Debt Calculator? to enable those who are struggling with their Debts, to enter details onto a simple type form for a calutlation to be made of what their payment terms could be lowered to. What is affordable to them. An example could be that a Debtor has 4 Creditors they owe? money to,? totalling £20,000. It would be estimated that they should be paying back 5% each month to their Creditors. In this case, approximatley £1,000 in payments. A lot of? people are struggling to make this payment every month in the current climate and their credit history may already be damaged. The? iPhone Application would set aside their Priority payments like Mortgage and secured lending or Car HP etc. It would then work out their income and expenditure (food, clothing, utility bills etc) and see what they had left as disposable income. This Disposable income would then be used to make offers to creditors. We would also display how long to pay back the Debt and what fees could be incurred. This is based on income and expenditure and assets Reason for ending up in debt (to help Debtor acknowledge the reasons) Personal Details (name address etc) Income (Salary, benefits, pension, property rental etc) Expenditure Car Details Assets Property Savings etc Display of Payback term of Debt and total fees Ads to link to us to capture details Opt in information Phone number and email link to contact page on website ## Deliverables Will also provide an intelligent Form based PDF of the flow of questions or html flow (call Centre Applicaiton screenshots)