The Amazing How to Get Out of Debt Calculator

The following calculator will give you an idea of the general solutions that are available to help you get out of debt. The example given are illustrative only and any plan to get you out of debt will need to be fine tuned with a debt relief provider you select.To begin with, please see the table below to compare your debt relief options. As you’ll be able to tell, each debt solution has its own advantages and drawbacks. For example, a Debt Settlement Plan will not improve your credit or stop collection calls, while a Debt Consolidation Plan will.

Feel free to compare your available debt relief options, then use the Debt Relief Plan Comparison Calculator to enter your debts and get an estimate of what these plans will cost you, and what kind of interest you’ll be paying.

16 thoughts on “The Amazing How to Get Out of Debt Calculator”

  1. I owe $6600.00 in credit card debt. I am going into assisted living and most of my income will have to pay the bill. I will only have about $250 a month for personal expenses. A lawyer I called about filing for bankruptcy said to simply quit paying on the credit cards. I have nothing and so they can take nothing. I no longer care about my credit score since I’m at the end of my life and will not need it to make any purchases. Is the lawyer’s advice good? Is there another option?

    • Jan. Thank you for reaching out and asking for some feedback. The lawyer is somewhat right.

      It is unclear what assets you might have. If you don’t have any the creditors might not be able to collect on any judgment they may get after suing you for default.

      The big advantage of bankruptcy in your situation is it closes the door on the debt. Actually slams it shut. Otherwise, you or someone managing your affairs should expect to hear from debt collectors, and even be served with a lawsuit against you over the unpaid debts. I don’t know how many creditors you have at this point. So we might be talking about 1 or 10. I don’t know.

      But a less expensive and very helpful option would be to contact the folks at HELPS that can run interference with your creditors for a nominal amount each month. See and let me know what you think after you talk to them.

  2. Hi Steve,

    Thanks for the helpful calculator. It was not far off from the DMP that MMI drew up for me. I am wondering if people who have average credit card debt, with no other outstanding balances such as home mortgages or other personal loans, have had success paying off their CC debt in full working with MMI.

    I have tried to read reviews about this company, they seem to be one of the “legit” non-profit organizations. However, I have read elsewhere that years ago they were involved in a lawsuit in which claims were made that they were taking payments from their customers and paying creditors as well as themselves with it.

    I am a little apprehensive about moving forward with this DMP until I have some more information.


  3. Hi,

    Which has the most positive impact on my credit rating? Please note that I am not getting calls and am not behind with any payments. I am just looking to condense…I am uncertain as to what you’re offering? If it’s a loan, what is your interest rate? All of my credit cards and lines of credit are at most 11%



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