Debt Management Plan Calculator
One Monthly Payment, Lower Rates — What Would a Plan Cost You?
About the Debt Management Plan Calculator
Use our Debt Management Plan Calculator to see what a debt management plan could cost you compared with paying your debts as you do now.
On a plan, a credit counselling agency negotiates lower interest rates with your creditors; you make one monthly payment to the agency, and it usually charges a monthly administration fee.
Enter your current debts — each balance, interest rate, and monthly payment — and the proposed plan: its average interest rate, the monthly fee, and any setup fee.
Find the monthly payment that clears your debts in a target number of years, or how long the plan takes with the payment you can afford.
The calculator compares the monthly payment, payoff time, interest, fees and total cost, and shows the plan month by month. To compare with rolling your debts into one loan, use our Debt Consolidation Calculator; to see what settling a debt for less than you owe would cost, our Debt Settlement Calculator.
Your debts and the proposed plan
Debts entering the plan
Proposed plan
Enter your debts and the proposed plan and press Calculate.
| Current debts | On the plan | |
|---|---|---|
| Monthly payment | ||
| Paid off in | ||
| Interest | ||
| Plan fees | — | |
| Total still to pay |
Press Calculate to see the comparison as graphs.
Press Calculate to see the plan month by month.
| Month | Plan payment | Fee | Interest | Principal | Balance |
|---|---|---|---|---|---|
| Total |
