NOTE: This calculator estimates your cost to get out of debt, how long it will take and how much your monthly payment could be with the various options to pay off your debt. "Minimum Payments" assumes you do not make any further purchases on your credit cards and the credit card companies do not raise your interest rate in the future from the rate you estimated above. Note that a "Debt Consolidation Loan" can also carry substantial risk, by substituting your unsecured debt (i.e. credit cards) with secured debt (i.e. a mortgage). In the event of non-payment, any mortgage including a 2nd mortgage or home equity line will result in foreclosure and potentially loss of your home. *Our Professional Service Fees are already included in estimated figures in the calculator.