Debt Settlement Savings Estimate
Estimate how much you could save through a debt settlement program compared to paying on your own.
Frequently Asked Questions
How are the savings estimated?+
Debt settlement companies typically negotiate to pay between 40 and 60 percent of your total enrolled debt. The savings estimate shows the difference between what you owe and what you might actually pay.
Is debt settlement guaranteed to work?+
No. Results vary based on your creditors, account age, and financial situation. Not all creditors agree to settle, and not all debts are eligible for settlement programs.
How does debt settlement affect my credit?+
Debt settlement usually causes a temporary credit score drop because you stop making regular payments during the program. However, many people see their scores recover within 12 to 24 months after completing a program.
What fees are involved in debt settlement?+
Settlement companies typically charge 15 to 25 percent of enrolled debt. Fees are only charged after a debt is successfully settled, never upfront.