Debt Settlement Calculator

Use our Debt Settlement Calculator to see what settling a debt for less than you owe would really cost.

Enter the outstanding debt and the settlement rate the creditor accepts to find the settlement amount — or work out the rate from an amount you have been offered, or the debt from the amount and rate.

Add the settlement company’s fees, as a fixed amount or a percentage of the debt or of the amount forgiven, to see the total cost, the amount forgiven and what you save.

You can also find the monthly amount to set aside to reach the settlement, and compare settling with paying the debt in full at its interest rate. To compare with paying your debts in full on a lower-rate plan, use our Debt Management Plan Calculator; to plan paying them off yourself, our Debt Payoff Calculator.