Terms of Use

Effective date: March 14, 2026 · Version 2.0

1. Acceptance of Terms

By downloading, installing, or using DebtCrusher ("the App"), you agree to be bound by these Terms of Use ("Terms") and our Privacy Policy. If you do not agree to these Terms, do not download, install, or use the App. These Terms constitute a legally binding agreement between you and Build Kitchen Studio ("we," "us," "our").

2. Nature of the Service

DebtCrusher is an educational and planning tool that helps you:

• Track and visualize your debts
• Compare payoff strategies using standard financial formulas
• Simulate loan scenarios
• Learn about debt management through structured educational content
• Generate reports and projections based on your inputs

2.1 Not Financial Advice

DebtCrusher does not provide financial, legal, tax, or investment advice. All calculations, projections, strategies, reports, scores, recommendations, and educational content are for informational and planning purposes only. They are estimates based on the data you provide and standard financial formulas. Actual outcomes depend on your lender's terms, interest rate changes, fees, penalties, regulatory changes, and your own payment behavior.

The educational content in the App, including lessons, case studies, simulations, and strategy descriptions, is intended to improve financial literacy. It is not a substitute for professional financial advice tailored to your individual circumstances.

2.2 No Professional Relationship

Use of the App does not create a financial advisor-client, attorney-client, or any other professional advisory relationship between you and Build Kitchen Studio.

3. Accuracy and Responsibility

You are solely responsible for the accuracy of all data you enter into DebtCrusher. The App performs calculations based on your inputs and standard financial formulas. We do not independently verify:

• Your actual loan balances, interest rates, or payment amounts
• Prepayment limits, penalties, lock-in periods, or other constraints you declare
• Exchange rates you enter or retrieve
• Information extracted from imported documents
• Income, budget, or other profile information you provide

You must always verify the App's calculations and projections against your actual loan statements, agreements, and lender communications before taking any financial action.

4. Subscriptions and Payments

4.1 Free Tier

Core features are available at no cost, including tracking up to 3 debts, selected payoff strategies, the loan simulator, education hub, journey tracker, and iCloud sync.

4.2 DebtCrusher Pro

Premium features are available via auto-renewable subscription purchased through the Apple App Store:

• Billing options: Monthly or annual, as selected by you at the time of purchase.
• Payment: Charged to your Apple ID account at confirmation of purchase.
• Auto-renewal: Your subscription automatically renews at the end of each billing period unless you cancel at least 24 hours before the current period ends.
• Renewal charge: Your account is charged for renewal within 24 hours before the end of the current period, at the subscription price in effect at the time of renewal.
• Price changes: Subscription prices may change. Apple will notify you of any price increase before your subscription renews at the new price. Continued subscription after a price change constitutes acceptance of the new price.

4.3 Feature Limits

DebtCrusher Pro removes app-imposed limits (such as the 3-debt cap in the free tier). However, actual usage capacity is subject to your device's hardware capabilities, available storage, iCloud storage quota, and network conditions. We do not guarantee specific performance thresholds or storage capacity beyond what your device and Apple's services support.

4.4 Managing Your Subscription

You can view, manage, or cancel your subscription at any time through your Apple ID settings: Settings → Apple Account → Subscriptions. Cancellation takes effect at the end of the current billing period — you retain access to Pro features until that date.

4.5 Refunds

All purchases are processed by Apple. Refund requests are handled by Apple in accordance with their refund policy. We do not process refunds directly.

5. Prepayment Constraints and Strategy Suggestions

The App allows you to enter prepayment limits, penalty percentages, lock-in periods, and other loan constraints. These are self-declared values that the App uses for calculation purposes only. The App does not verify these values against your actual loan agreements.

Strategy suggestions, allocation recommendations, Smart Move prompts, and any other actionable outputs are mathematical projections based on your inputs. They do not account for factors outside your declared data, including (but not limited to) lender-specific rules, regulatory changes, tax implications, or changes to your financial circumstances.

Always review your loan agreement and consult your lender before making extra payments beyond your scheduled EMI.

6. Document Import

The document import feature uses on-device text extraction (Apple's PDFKit) to suggest field values from loan PDF documents. Extracted values are suggestions only — you must review and confirm every field before it is saved. We are not responsible for inaccurate, incomplete, or incorrect extraction from any document, including poorly formatted, scanned, password-protected, or non-standard documents.

7. Reports and Scores

The App generates reports (monthly PDF reports, loan history analysis), scores (Debt Health Score, month scores), and projections. These are derived entirely from data you have entered and standard financial calculations. They are not assessments of your creditworthiness, financial health, or suitability for any financial product. No third party (lender, credit bureau, employer, or otherwise) receives these reports unless you explicitly choose to share them.

8. Educational Content

The App includes educational lessons, Harvard-style case study simulations, interactive exercises, and strategy descriptions that reference academic research and historical financial concepts. This content is for educational purposes only. Academic citations are provided for reference and do not imply endorsement by the cited authors or institutions. Simulations and case studies use fictional scenarios and do not represent advice for your specific situation.

9. Privacy

Your use of DebtCrusher is governed by our Privacy Policy, which describes what data we collect, how it is stored, and your rights regarding your data. The Privacy Policy is incorporated into these Terms by reference.

10. Intellectual Property

DebtCrusher, including its design, source code, user interface, educational content, strategy algorithms, icons, and branding, is the intellectual property of Build Kitchen Studio. All rights are reserved. You may not copy, modify, distribute, reverse-engineer, decompile, or create derivative works from any part of the App, except as permitted by applicable law.

The name "DebtCrusher," the Build Kitchen Studio name and logo, and associated trademarks are the property of Build Kitchen Studio.

11. Acceptable Use

You agree not to:

• Use the App for any unlawful purpose
• Attempt to circumvent subscription restrictions, security features, or access controls
• Reverse-engineer, decompile, or disassemble the App
• Use the App's educational content, reports, or outputs to provide financial advisory services to third parties without independent professional qualification
• Misrepresent the App's outputs as professional financial advice

12. Disclaimer of Warranties

To the maximum extent permitted by applicable law, the App is provided "as is" and "as available" without warranties of any kind, whether express, implied, or statutory, including but not limited to implied warranties of merchantability, fitness for a particular purpose, accuracy, and non-infringement.

Without limiting the foregoing, we do not warrant that:

• The App's calculations, projections, or strategies will be error-free, accurate, or suitable for your circumstances
• The App will be available without interruption or free of bugs
• The educational content is complete, current, or applicable to your jurisdiction
• Document import will successfully extract information from any particular document
• iCloud sync will function without delay or data loss (sync is provided by Apple, not by us)

13. Limitation of Liability

To the maximum extent permitted by applicable law:

• We are not liable for any financial losses, damages, penalties, interest charges, or adverse outcomes resulting from financial decisions you make based on the App's calculations, strategies, projections, reports, scores, or educational content.
• We are not liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of or inability to use the App.
• Our total aggregate liability to you for any claims arising from or related to these Terms or your use of the App shall not exceed the total amount you paid to us (through Apple) for the App in the twelve (12) months immediately preceding the event giving rise to the claim.
• This limitation applies regardless of the theory of liability (contract, tort, negligence, strict liability, or otherwise) and even if we have been advised of the possibility of such damages.

Some jurisdictions do not allow the exclusion or limitation of certain warranties or liabilities. In such jurisdictions, our liability shall be limited to the greatest extent permitted by law.

14. Indemnification

You agree to indemnify, defend, and hold harmless Build Kitchen Studio, its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising from:

• Your use of or reliance on the App
• Your violation of these Terms
• Your violation of any applicable law or regulation
• Any financial decision you make based on the App's outputs
• Any content you share from the App

15. Modifications to the App and Terms

15.1 App Changes

We may update, modify, or discontinue features of the App at any time. New features may be subject to additional or different terms, which we will communicate to you.

15.2 Terms Changes

We may update these Terms from time to time. When we make changes:

• The updated Terms will be posted on this page with a new effective date and version number.
• For material changes, we will provide notice within the App.
• Continued use of the App after the updated Terms become effective constitutes your acceptance of the revised Terms.
• If you do not agree with the revised Terms, you must stop using the App.

16. Termination

We reserve the right to suspend or terminate your access to the App if we reasonably believe you have violated these Terms. Upon termination, your right to use the App ceases immediately. Sections that by their nature should survive termination (including Disclaimer of Warranties, Limitation of Liability, Indemnification, and Governing Law) shall survive.

You may terminate your use of the App at any time by deleting it from your device and cancelling any active subscription.

17. Severability

If any provision of these Terms is found to be unenforceable or invalid by a court of competent jurisdiction, that provision shall be enforced to the maximum extent permissible, and the remaining provisions shall remain in full force and effect.

18. Entire Agreement

These Terms, together with the Privacy Policy, constitute the entire agreement between you and Build Kitchen Studio regarding your use of the App. They supersede all prior or contemporaneous communications, whether electronic, oral, or written, regarding the App.

19. No Waiver

Our failure to enforce any provision of these Terms shall not be deemed a waiver of that provision or our right to enforce it at a later time.

20. Governing Law and Jurisdiction

These Terms are governed by and construed in accordance with the laws of India, without regard to conflict of law principles. Any disputes arising from or relating to these Terms or your use of the App shall be subject to the exclusive jurisdiction of the courts in Mysore (Mysuru), Karnataka, India.

If you are a consumer in a jurisdiction that grants you mandatory local consumer protection rights, nothing in these Terms affects those rights.

21. Contact

For questions or concerns about these Terms, email debtcrusher@buildkitchen.studio.