Debt Calculator

Quick debt snapshot

Enter rough numbers to see the size of the problem and how long a simple payment path might take. This is a planning estimate, not a recommendation.

Start with the debts that create the most pressure

List unsecured debts first: credit cards, medical bills, personal loans, old utility balances, collection accounts, and charged-off accounts. Then list secured debts separately, such as car loans or a mortgage, because those have collateral attached.

• ✓ Write down the creditor or collector name.
• ✓ Record the current balance, minimum payment, interest rate, and account status.
• ✓ Mark whether the account is current, late, charged off, in collections, or already in lawsuit status.
• ✓ Keep tax debt and student loans separate because the rules can be different.

What the monthly number tells you

The most important number is not only the total balance. It is the gap between required monthly payments and the money actually available after housing, food, transportation, utilities, insurance, taxes, and medical needs.

• ✓ If the minimum payments fit and balances are falling, a repayment plan may be realistic.
• ✓ If the minimums fit only because essentials are going on credit cards, the plan is not stable.
• ✓ If accounts are already in collections or lawsuits, timing and legal risk may matter more than interest rate.
• ✓ If there is no realistic monthly room, bankruptcy or legal advice may need to be compared before draining savings.

How to use the calculator below

Enter rough totals for unsecured debt, secured debt arrears, tax debt, and the monthly amount you can safely use for debt after necessities. The result is an estimate, not advice. It is meant to help you prepare for a better conversation.

• ✓ Use current balances, not original balances.
• ✓ Do not include money needed for rent, food, medicine, transportation, or current taxes.
• ✓ If a lawsuit deadline exists, handle that deadline before relying on any calculator.