Compare Options
Assuming $30,000 of credit card debt, here is a breakdown of how the DIY debt settlement method stacks up against continuing to pay only the minimum monthly payments, credit counseling and debt settlement services.
| $30,000 Debt | Minimum Payments | Credit Counseling | Debt Settlement Program | DIY Debt Settlement Kit |
| Payment: | 2% of debt/month | $628.00/month | $573.00/month | $99.95/one-time |
| Time: | 36 years | 5 years | 2.5 years | 2.5 years |
| Cost of Option: | $66,569.09 | $11,846.57 | $4,750.50 | $99.95 |
| Total Cost: | $96,569.09 | $41,846.57 | $16,750.50 | $12,099.95 |
| Savings over Minimum Payment Option: | $0 | $54,722.00 | $79,818.59 | $84,469.14 |
Your actual results will vary depending on many factors, including what you owe, how much you can pay or save up each month, and for what percentage your creditors are willing to settle. The projection assumes the $30,000 debt is composed of four separate debts owed to different creditors: Two $3000 debts, a $10,000 debt, and a $14,000 debt.
As you can clearly see, the DIY Debt Settlement Kit is the least expensive bankruptcy alternative available. You save $1000s by negotiating directly with your creditors.
