Insights: We ran our debt relief comparison calculator and are 70% confident that Debt Settlement may be the best option for you. The reasons for our confidence is below. Please note this is an estimate based on the data provided and our knowledge of your creditors at the time this was taken. Actual results may vary.
1) Compare Fees and Timeline
Estimate
Debt Settlement
Chapter 13
Debt Payoff
Total to Unsecured
$115,000
$230,000
$230,000
Total Fees and Interest
$34,500
$18,511
$247,560
Total Cost To You
$149,500
$248,511
$477,560
Monthly Payment
$2,990
$6,903
$2,437
Debt Free Date
50 Months
36 Months
196 Months
2) Debt Settlement Options
Partner
Est. Monthly Payment
Debt Included
BBB Grade
Term Length
Easy Submit
Oak View Law Group
$2,990
$230,000
A-
50
Oak View Law Group
$3,934
$230,000
A-
38
If the debt settlement firm is unavailable, would it be okay to send to another reputable firm near you?
Settlement percentage of 50% of enrolled debt if no creditors added. Creditor specific estimates if creditors provided. Results may vary
All creditors will negotiate for a settlement. Results may vary by creditor
Fees and interest included in settlement percentage
For tax solvent, we estimate the amount saved * 22% federal income tax bracket for "Estimated Tax"
4) Lawsuit Likelihood
Creditor
Lawsuit Likelihood
Balance
Credit One Bank
Low
$300
5) Tax Debt Insolvency From Forgiven Debt
Property
Insolvency Calculation
Assets
$295,000
Liability
$230,000
Difference
$65,000
Insolvency Estimate
FALSE
6) Additional Insights from Calculator
The form output shows that you have disposable income that may cover most of your unsecured debt. A bankruptcy attorney may get more granular with your income and expenses.
*The above analysis is an estimate and is for illustrative purposes based on the information you provided. Furthermore, Ascend is not a bankruptcy firm, and the information on tryascend.com is not legal advice nor should it be construed as such.