Debt Consolidation Calculator
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Is Debt Consolidation Right for You?

Our debt consolidation calculator offers two different services to meet the needs of our customers. Find out if debt consolidation or debt negotiation is right for you.

Debt Consolidation

Debt consolidation is a service that combines your many, high-interest debts into one monthly payment with reduced interest rates. Our debt consolidation calculator primarily deals with this service. Debt consolidation can help you reduce your monthly payment burden, lower your interest rates, and get out of debt faster. Aside from saving you money, debt consolidation can also reduce the hassle of having to pay dozens of creditors each month. Here is what an ideal candidate for this service with the debt consolidation calculator looks like:

  • Must have at least $5,000 in debt
  • Debts must be unsecured
  • Total debt is less than $20,000
  • Have many, high-interest debts
  • Current on payments
  • Tired of hassle of paying multiple creditors each month
  • Willing to cancel all credit cards included in consolidation

Debt Negotiation

You can also take advantage of the debt consolidation calculator for debt negotiation services. Debt negotiation is also called debt settlement. This service is for people with very high levels of debt who are seriously delinquent on payments. Debt negotiation requires you to stop paying your creditors while your consolidation service negotiates with your creditors to reduce the amount that you owe. While the service is negotiating, you will make payments either directly to the service to be put in a holding account or to an account of your own. Once negotiations conclude, you will take the money from the account to make a one-time payment to your creditors to eliminate your debts. Typically, debt negotiation results in a 40%-60% reduction in the payoff amount. This debt consolidation calculator service is ideal for people who:

  • Have over $20,000 in unsecured debt
  • Are seriously behind on payments (more than three months)
  • Are in danger of bankruptcy
  • Understand that their credit will be damaged initially
  • Have dropped out of a debt consolidation program
  • Can no longer make the payments in a debt consolidation program

Please visit our Frequently Asked Questions page if you have any questions.