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Payoff Calculator

Credit card debt can be a major source of stress in our lives. But with the help of a payoff calculator, you can analyze your credit card debt and come up with a plan to pay it off.

Credit Card Balance
Interest Rate (APR)
Monthly Payment
You will pay off your debt by

Jul 2024

(or 0 years)

Number Of Payments 0
Estimated Monthly Payment $0.00
Total Interested Paid $0.00
Total Payment $0.00
Save With NFR

36 Months Term

(or 3 years)

Number Of Payments 36
Estimated Monthly Payment $0.00
Total Interested Paid $0.00
Total Payment $0.00

Total Savings


How Debt Relief Works

Debt settlement is a process that allows you to pay off debt faster by negotiating an amount that is lower than the total amount you owe. Settlements are achieved through negotiation between lenders and consumers or a third-party debt settlement company.

1. Do you have a legitimate financial hardship condition?

Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors?  Many people face a financial crisis at some point in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming.

2. Are you committed to getting out from under your debt?

Most debt problems are caused by loss of income, medical issues, or divorce / separation. These are legitimate financial hardships that can happen to anyone through no fault of their own, and any one of these situations can wreak havoc on a household budget.

If you are over your head due to a hardship circumstance, and you’d prefer to work things out with your creditors rather than declare bankruptcy, then Debt Settlement can provide an honest and ethical debt relief alternative.

3. Are your debts primarily from credit cards?

Most types of unsecured debt can be negotiated, including lines of credit, signature loans, repossession deficiencies, financing contracts, department store cards, miscellaneous bills and more. The deepest discounts, however, are usually obtained with credit card debts; so if the majority of your debt load is comprised of credit card debt, you can anticipate good results from the Debt Settlement strategy.

4. Is your monthly budget up to the job?

With a Debt Settlement program, you must be able to build up funds for settlement at a reasonable pace. A good rule of thumb is that you should be able to set aside roughly 1.5% of your debt level on a monthly basis. So, for example, if you owe $30,000 in unsecured debt, you should be able to consistently set aside $450 per month. This would allow for a program of approximately three years’ duration.

Budgets vary from month to month, so it’s possible to set aside 1% one month, and make up for it by setting aside 2.0% the following month, so long as the average over time is around 1.5%. This makes the program ideal for people whose income varies up and down because of overtime pay, seasonal cycles, or commission-based income. But if you’re funding the program consistently below the 1.5% monthly level, the duration will stretch out to the point where you may become frustrated with the lack of progress.

5. Do you have additional resources to work with?

Additional financial resources are a bonus with any Debt Settlement programs. Small inheritances, insurance settlements, cash-value life insurance policies, even borrowing from friends and family are a few of the alternate sources of funding that  clients have used to take advantage of extra large debt reductions.

Such resources are not necessary for debt settlement success. They’re just nice to have.

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*We're so confident that we can help you achieve your goal of becoming debt-free in a reasonable time, that we back it up with a 6-month 100% money back guarantee on the services, support, and benefits you receive.