How the Estimated Reduction Works

This calculator gives you a quick estimate of how much your total debt could possibly be reduced through negotiation.

1. Enter the monthly instalment for each of your creditors.

2. Select the type of debt (vehicle loan, home loan, or other credit).

3. The calculator then applies typical settlement estimates:

   • Vehicle and home loans: about 30% reduction (you may pay roughly 70% of the balance).

   • Other debts (credit cards, personal loans, store accounts): about 60% reduction (you may pay roughly 40% of the balance).

The calculator then totals the reduced amounts to show an estimated settlement amount.

Important: This is only an estimate. The final amount depends on negotiations with your creditors and may be different.