This calculator demonstrates the future retirement financial loss you may experience when electing to repay your
debt with an extended repayment
program offered by creditors, credit counseling or
debt settlement, rather than intervene on your
debt with solutions like bankruptcy which terminate the
debt quickly and allow you to resume saving again for retirement.
If you're struggling with
debt, want a low monthly
program deposit, and want to resolve your
debt relatively
quickly,
debt settlement may be the right strategy.