Who Declares Bankruptcy?
Bankruptcy for debt relief is considered the final option for people with massive and overwhelming debt. It might seem like the easiest way out, however most any bankruptcy debt relief agency will never suggest declaring bankruptcy as the first option. This is because the consequences of bankruptcy debt may make it not worthwhile.When Should I ...
Debt Management
With this option, credit debt management companies, sometimes referred to as a credit counseling agencies, work with debtors to secure a lower interest rate that a debtor would be able to receive on their own. The reason these credit card debt management companies can secure these lower rates is because they maintain ...
Debt Settlement
Credit Counseling
How Does Debt Counseling Work?
It is important to first know that debt settlement and credit counseling are two different things. Consumer debt counseling streamlines your debts into a single monthly payment and generally has a lower interest rate. Debt settlement is a program where a debt relief agency will negotiate with your creditors on your behalf to lower your principal balance of ...
Credit Card Consolidation
How a Credit Card Debt Loan Works
Generally, a credit consolidation loan is a secured loan, meaning you offer collateral, such as with a home equity loan. However, if you do not own a home or don’t have much equity in one, you can get a personal or unsecured loan. An unsecured credit debt ...Debt Calculator
How much debt do you owe?
$1
$100k+
What is your desired
monthly program deposit?
$1
$5000
Debt Quest Debt Settlement
$500
Your monthly
program deposit
$5,750 Savings
Your Savings
39 months to pay off your
current debt listed above.
Your monthly program deposit:
$500
Your Savings:
$5,750 Savings
39 months to pay off your
current debt listed above.
Debt Consolidation or Credit Counseling
$500
Your monthly
payment
You pay $14,478 more
No Savings
79 months* to pay off your
current debt listed above.
*Assumed average interest of 15%
Your monthly Payment:
$955
No Savings:
You pay $14,478 more .
36 months to pay off your
current debt listed above.
*Assumed average interest of 15%
Paying Minimum Monthly Payments
Your monthly Payment:
$500
No Savings:
You'll Pay $29,199 More than you owe currently.
32 years* to pay off your current debt listed above.
*Assumed average interest of 20%