Terms of Service

1. Acceptance of Terms

By downloading, installing, accessing, or using Debt Payoff Planner Plus ("the App"), you agree to be legally bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not download, install, or use the App.

Debt Payoff Planner Plus is developed and operated by Storq Labs BV ("Company," "we," "us," or "our"), a company registered in the Netherlands.

2. Description of Service

Debt Payoff Planner Plus is a mobile application designed to help users organize their debts and visualize their path to becoming debt-free. The App enables users to:

• Enter and organize multiple debts (names, balances, interest rates, minimum payments, due dates)
• Choose between Debt Snowball (smallest balance first) or Debt Avalanche (highest interest first) repayment strategies
• Visualize debt payoff timelines and projected interest savings
• Run "what-if" scenarios with extra payment amounts
• Generate payment schedules
• Track payment history and progress
• Receive local payment reminders, weekly progress summaries, and milestone celebrations
• Access educational content about debt repayment strategies

All data is stored locally on your device only. We do not have access to your debt information, payment history, or any other data you enter into the app. This is a planning tool, not connected to your bank or credit accounts.

3. Intended Use and Audience

This App is designed for:

• U.S. consumers aged 25-45 carrying multiple debts who want to organize their debt repayment
• Individuals seeking to visualize and plan their debt-free journey
• Users who want to compare different repayment strategies (Snowball vs Avalanche)

This App is NOT:

• A substitute for professional financial advice
• A credit counseling service
• A debt consolidation or settlement service
• Connected to any bank, credit card, or financial institution
• A tool for making actual payments to creditors
• Directed at children under 13 years of age

4. License Grant

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to download, install, and use the App on devices you own or control, solely for your personal, non-commercial purposes.

You may NOT:

• Copy, modify, adapt, translate, or create derivative works of the App
• Reverse engineer, decompile, disassemble, or attempt to derive the source code
• Rent, lease, lend, sell, redistribute, or sublicense the App
• Remove, alter, or obscure any proprietary notices or labels
• Use the App to develop a competing product or service
• Use the App in any way that violates applicable laws or regulations
• Use the App to provide financial advice to third parties

5. No Account Required

The App does not require account creation, login, or any form of registration. You are completely anonymous to us. All data is stored locally on your device. We do not collect, store, or have access to your debt information, payment history, or any other data you enter into the app.

6. Calculation Limitations and Disclaimer

You acknowledge and agree that:

• All calculations are projections based on the data you enter
• The app uses standard amortization formulas that may not match your creditors' exact calculation methods
• Interest rate changes, variable APRs, and promotional rate expirations are not automatically accounted for
• Fees, penalties, late charges, and other account-specific factors are not included in calculations
• Payment processing times and posting dates may affect actual results
• Minimum payment amounts may change as your balance decreases
• Compounding frequency may vary between creditors
• Results depend entirely on the accuracy of user-entered data - incorrect inputs produce incorrect outputs
• You are solely responsible for verifying all projections against your actual account statements
• We are not liable for any discrepancies between projected and actual results

7. User Responsibilities

You represent and warrant that:

• All debt information you enter is accurate and up-to-date
• You will verify all calculation results against your actual account statements before relying on them
• You will consult with qualified financial professionals for personalized advice
• You will continue making at least minimum payments to all creditors regardless of app projections
• You understand that calculations are projections and will make financial decisions accordingly
• You are solely responsible for all financial decisions you make
• You will not rely solely on the app for critical financial decisions

8. Prohibited Uses

You agree NOT to use the App to:

• Provide financial advice to third parties
• Make financial decisions without independent verification
• Violate any applicable laws or regulations
• Attempt to circumvent any security or access control measures
• Use the App in any manner that could damage, disable, or impair the App
• Scrape, data mine, or otherwise extract data from the App
• Use the App for any commercial purpose without our written consent

9. In-App Purchases and Advertising

9.1 Free Tier (Ad-Supported)

The free version includes all core functionality with non-personalized banner and interstitial advertisements displayed via Google AdMob.

9.2 Remove Ads ($1.99 USD - Lifetime)

A one-time in-app purchase ($1.99 USD or local equivalent) removes all advertisements permanently. This purchase:

• Is a one-time payment (not a subscription)
• Removes all banner and interstitial ads
• Can be restored on the same Apple ID or Google account
• Does not unlock any additional features (all features are free)

9.3 Payment Processing

All purchases are processed exclusively through the Apple App Store or Google Play Store. We do not collect, process, or store any payment information. By making a purchase, you agree to Apple's/Google's terms and conditions.

9.4 Refunds

10. Disclaimer of Warranties

WITHOUT LIMITING THE FOREGOING, WE SPECIFICALLY DISCLAIM ANY WARRANTY THAT:

• Debt payoff projections will be accurate for your specific financial situation
• Interest calculations will match your creditors' exact methods
• Using the app will result in debt reduction or elimination
• The Snowball or Avalanche strategy is appropriate for your situation
• The App will meet your requirements or expectations
• The App will be uninterrupted, timely, secure, or error-free
• Any errors in the App will be corrected
• The App will be compatible with your device or operating system

11. Limitation of Liability

SPECIFICALLY, WE ARE NOT LIABLE FOR:

• Any financial decisions you make based on the app's calculations
• Discrepancies between projected and actual debt payoff timelines
• Interest charges, fees, or penalties incurred on your accounts
• Credit score impacts from any actions taken based on app usage
• Failure to make timely payments to creditors
• Data loss from device failure or app uninstallation
• Any third-party services (AdMob, Apple, Google) actions or data practices

OUR TOTAL CUMULATIVE LIABILITY SHALL NOT EXCEED THE GREATER OF:

• The amount you actually paid for the Remove Ads purchase; or
• Two US Dollars ($2.00)

12. Indemnification

You agree to indemnify, defend, and hold harmless Storq Labs BV and its officers, directors, employees, agents, partners, suppliers, and affiliates from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to:

• Your use of the App
• Financial decisions made based on the App's calculations
• Your violation of these Terms or any applicable law
• Any claim by a creditor, financial institution, or third party related to your debt repayment activities
• Any claim arising from your provision of financial advice to others based on app usage

13. Data Loss Disclaimer

• Device failure, damage, loss, or theft
• App uninstallation (intentional or accidental)
• Operating system updates or factory resets
• App updates or reinstallation
• Storage corruption
• Any other cause

There is no cloud backup, sync, or account system. We cannot recover any data under any circumstances because we never had access to it.

14. Modifications, Termination & Service Availability

14.1 Modifications to the App

We reserve the absolute right to modify, suspend, or discontinue the App (or any features thereof) at any time, with or without notice, for any reason. This includes calculation methods, strategies, and feature availability. We shall not be liable to you or any third party for any modification, suspension, or discontinuation.

14.2 Modifications to Terms

We reserve the right to modify these Terms at any time. Changes will be effective upon posting with an updated effective date. Your continued use of the App constitutes acceptance of modified Terms.

14.3 Termination

We may terminate or suspend your access to the App immediately, without prior notice or liability, for any reason. Upon termination, your license to use the App terminates immediately.

15. Force Majeure

We shall not be liable for any failure or delay in performing our obligations under these Terms resulting from causes beyond our reasonable control, including but not limited to acts of God, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, strikes, shortages of transportation, facilities, fuel, energy, labor, or materials, failure of telecommunications or information systems, pandemics, or any other circumstances beyond our reasonable control.

16. Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of the Netherlands, without regard to its conflict of law provisions.

Subject to the arbitration provisions in Section 17, any disputes arising from these Terms shall be subject to the exclusive jurisdiction of the courts located in the Netherlands.

17. Dispute Resolution and Arbitration

17.1 Informal Resolution

Before initiating any formal dispute resolution, you agree to first contact us at legal@storqlabs.com to attempt to resolve the dispute informally. We will attempt to resolve the dispute within 60 days.

17.2 Binding Arbitration

If informal resolution is unsuccessful, any dispute arising out of or relating to these Terms or the App shall be finally resolved by binding arbitration administered by a mutually agreed-upon arbitration body under its rules then in effect.

17.3 Class Action Waiver

TO THE EXTENT PERMITTED BY APPLICABLE LAW, YOU AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. You expressly waive any right to participate in a class action lawsuit or class-wide arbitration.

18. Severability

If any provision of these Terms is found to be unenforceable or invalid by a court of competent jurisdiction, that provision shall be limited or eliminated to the minimum extent necessary so that these Terms shall otherwise remain in full force and effect.

19. Waiver

The failure of Storq Labs BV to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. Any waiver of any provision of these Terms will be effective only if in writing and signed by Storq Labs BV.

20. Entire Agreement

These Terms, together with our Privacy Policy and any other legal notices published by us on the App, constitute the entire agreement between you and Storq Labs BV regarding the App and supersede any prior agreements, communications, or understandings, whether oral or written, regarding the subject matter hereof.

21. Contact Us