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Find out if debt settlement is right for you. Simply complete and submit this form and a representative will contact you. Or if you prefer, just call our toll free number to speak with one of our Debt Relief Consultants.
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If you have a $7,600 credit card balance with an 18% APR and only make 2% minimum payments, you'll need 53 years to pay off your debt. Total interest-$21,731!
Calculate Your Debt
At DMB Financial, we will work tirelessly to resolve your debt. As a matter of fact, our typical client has seen over 50% of their unsecured debt negotiated away and is debt free in as little as 36 months.* Just enter the approximate total amount of your unsecured debt to see how much you might be able to save along with what your estimated monthly payment would be to achieve this goal.
We've also provided some insight into what you might expect to pay if you go it alone - paying minimums, in addition to what you might expect if you were to utilize the services of Consumer Credit Counseling. You may also calculate your income to debt ratio, which is a qualifying ratio used by lending institutions in underwriting a residential mortgage loan.
| Total You'll Pay Without Help (Assumes 18% interest rate and minimum payments) |
| Total You'll Pay Through CCCS (If CCCS can reduce interest rate to 10%) |
| Total Debt Owed After Settlement |
| Monthly Payment Amount with DMB |
| Program Length | 36 Months |
| Your Income to Debt Ratio (higher than 35% generally means limited mortgage qualification) |
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* Individual results may vary based on ability to save funds, amount of debt, willingness of creditors to negotiate, and the successful completion of all program terms. DMB's fees not included in savings disclosure. Program does not assume or pay any debts, nor provide legal or tax advice. Prudence should always be taken by consumers when reviewing contracts and disclosure materials. DMB's services not available in all states. |
Explanation of Unsecured Debt:
Simply put, debt is unsecured if you have promised to pay a creditor a sum of money at a particular time, and you have not pledged any real or personal property as collateral for that debt.
Some examples of unsecured debt might include:
- Credit card(s)
- Lines of credit
- Personal or signature loan(s)
- Medical bill(s)
The other type of debt that people usually have is called secured debt. Secured debt is money that was borrowed with a condition that if you fail to make your payments, one (or more) of your possessions (collateral) might be seized and sold by the secured creditor. Some examples of secured debt might include:
- Mortgage(s)
- Car loan/lease(s)
- Financing contract(s) (E.g. furniture)