NOTE: This calculator estimates cost to get out of debt, and how long it will take and how much your monthly payment could be with the various options to pay off your debt. "Minimum Payments" assumes you do not make any further purchases on your credit cards and the credit card companies do not raise your interest rate on your cards in the future from the rate you input above. Note that a "Debt Consolidation Loan" can also carry substantial risk, by substituting unsecured debt (i.e. credit cards) with secured debt (i.e. a 2nd mortgage). In event of non-payment, any mortgage including a 2nd mortgage or home equity line will result in foreclosure and potentially loss of your home.
*ECI Asset Management Professional Service Fee Investment are already included in estimated
figures.
If you're tired of being stuck in debt, and are ready to make a change, consider all your options. Learn the facts, then make your choice. We can help.
