Debt Settlement Calculator - How much to pay and settle your debt
Debt Settlement Calculator helps you to find out what amount you need to pay your creditor or collection agency in order to settle the debt you owe. All you need to do is, enter your outstanding balance on credit cards and installment loans. The Debt Settlement Calculator will determine the settled or reduced debt amount. It will also calculate how much you can save on your bills due to settlement.
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.