Debt Review

How the Estimated Reduction Is Calculated

This calculator provides an estimate of how much your total debt could potentially be reduced through a negotiated settlement.

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

2. Indicate whether the debt is a vehicle loan, home loan, or other type of credit.

The calculator then applies typical settlement reductions:

• Vehicle finance and home loans: estimated 30% reduction
  (meaning you may pay about 70% of the outstanding balance)

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

The calculator adds the reduced amounts together to show an estimated total settlement amount.

Important: This is only an illustration. Actual reductions depend on negotiations with your creditors and may differ from the estimate.