If your credit card payments aren’t making enough progress, it’s time to look at the numbers. Compare what repayment could cost and whether debt settlement is worth a closer look. Debt settlement is not a debt consolidation loan; this process does not give you a new loan.
*Savings shown are a first-month budget difference, not guaranteed ongoing savings. The new monthly payment is a deposit toward future settlements, not a creditor payment. Debt settlement seeks negotiated resolutions with existing creditors. It is not a debt consolidation loan and does not provide a new loan. A settlement set-aside does not make monthly payments to your creditors or change what they require you to pay. Missed payments can damage credit, increase balances, and lead to collections or lawsuits. Actual savings depend on completed settlements and all costs.
If you do not take a stand against your high-rate credit cards, this is what it could look like:
We cannot show a settlement plan for debt below $10,000. You can still review the credit-card repayment estimate and call 855-817-3738 to discuss your options.
Assumes all enrolled debt settles for 50% of the starting balance, plus a 25% service fee. This is an example, not a quote or a prediction.
Estimated cost difference versus the repayment approach shown. Actual savings may be lower or zero.
Before you compare: A settlement set-aside is not a payment to your creditors. Debt settlement can damage credit; interest and fees can accrue, and creditors may pursue collections or lawsuits. Settlements and completion dates are not guaranteed. Forgiven debt may be taxable.
Credit cards: Default APR is 22.15%, the Federal Reserve’s Q2 2026 average for accounts assessed interest, published September 8, 2026. It is a benchmark, not your personal rate. Monthly interest is approximated as balance × APR ÷ 12. The minimum is the greater of $40 or 1% of the balance after interest plus that month’s interest, capped at the amount owed. This models a common issuer formula, not a universal or verified “most popular” rule.
All debt is modeled as one account. Multiple cards have separate minimums, which may shorten payoff time and increase the combined monthly minimum. No new charges, late fees, past-due amounts, promotional rates, or APR changes are assumed. “Keep first payment fixed” pays the initial estimated minimum every month instead of reducing it as the balance falls.
Settlement: The example uses National Debt Reset’s supplied calculator assumptions: 50% of starting debt for creditor settlements plus 25% of enrolled debt as the service fee, spread across the displayed program length. It assumes successful settlement of every enrolled account. Additional account charges, taxes, and any effect of balance growth on settlement amounts are excluded and could increase costs. The example is not an assessment of eligibility, affordability, or creditor acceptance.
Sources: Federal Reserve G.19 · Chase minimum payment explanation · CFPB debt settlement guidance. Assumptions reviewed September 24, 2026.
Start by understanding what you owe, what you can afford, and what each option involves.
Use the calculator to see how interest affects your repayment and compare an example debt settlement scenario. No new loan is involved.
Call with your questions. Discuss your accounts, budget, eligibility, fees, and the risks before considering enrollment.
If a program fits, review the actual terms. You decide whether to move forward. Calling is not enrolling.
For people struggling with unsecured debt, negotiating a reduced balance may lower the amount needed to resolve it. A workable savings plan can help fund those settlements over time.
Creditors do not have to agree. Missed payments can harm credit and increase debt. Compare creditor hardship plans, nonprofit credit counseling, and, where appropriate, advice from a bankruptcy attorney.
We care about helping people make progress. That starts with listening, explaining the options clearly, and respecting the decision that is right for you.
Financial strain can affect far more than a monthly statement. It can change how you plan, what you put off, and how much attention you have left for everything else. Our team is committed to making a difference by helping people understand what they can do next.
We want you to feel comfortable asking direct questions and getting direct answers. What could a program cost? What are the risks? Does the payment fit your budget? What happens if your circumstances change? Those questions belong at the beginning of the conversation.
Our approach is practical: understand the situation, review the numbers, explain the options, and give you room to decide. We want the conversation to be useful, whether or not you move forward with us.
National Debt Reset helps you understand your debt, review preliminary estimates and prepare for the next step. If you decide to explore a debt settlement program, we refer you to an attorney group.
The attorney group completes the compliance review, handles enrollment and manages the program, including communication with you and negotiations with your creditors.
Read our guides based on federal consumer information, or start with a free worksheet. You can use both right here.
How a negotiated balance reduction could help, what makes a plan workable, and the questions to ask first.
Read the guide →A practical comparison of how the main options work and where each may fit.
Read the guide →Build a clear picture of your income, deadlines, and debts before committing to a payment plan.
Read the guide →Understand the options, organize your finances, and prepare better questions. Read and use these resources without leaving our site.
Plain-language articles based on guidance from the CFPB, FTC, IRS, and U.S. Courts. Sources are identified in each guide.
How a negotiated balance reduction could help, what makes a plan workable, and the questions to ask first.
Read the guide →A practical comparison of how the main options work and where each may fit.
Read the guide →Build a clear picture of your income, deadlines, and debts before committing to a payment plan.
Read the guide →Our reading guides summarize official guidance; they are not articles written by the agencies. The agencies do not endorse National Debt Reset or any provider.
Original federal worksheets, available to read here and download as fillable PDFs. No email address required.
FTC · Consumer.gov. Fill it out here and save your completed budget.
Start my budget →Consumer Financial Protection Bureau. Organize balances, rates, and payment dates.
Open the worksheet →Consumer Financial Protection Bureau. See when cash comes in and when bills are due.
Open the worksheet →Budget entries stay in this open page and are not submitted or saved by National Debt Reset. Download your work before refreshing or closing the page.
Your estimate is a starting point. A conversation can help you understand whether debt settlement makes sense for your actual accounts and budget. It does not involve taking out a consolidation loan.
Ask about the costs. Ask about the risks. Ask what happens next. You don’t have to enroll to ask questions.
855-817-3738Prefer to speak now? Call and mention your calculator estimate.
Use the calculator, then enter your email and consent in the popup to see your preliminary estimate.
Start my estimateA phone conversation does not enroll you in a program.
No. A conversation is a chance to ask questions and understand your options. Enrollment requires a separate decision and review of the program terms.
No. National Debt Reset presents a debt settlement process, not a debt consolidation loan. It involves trying to negotiate with existing creditors to accept less than the amount owed. No new loan is issued. Funds are generally set aside for agreed settlements; they are not regular monthly payments to your creditors.
No. It uses simplified assumptions. Your accounts, creditors, state, financial situation, fees, and ability to fund settlements affect your options. The figures do not guarantee acceptance, savings, or a completion date.
Debt settlement can negatively affect your credit, especially if you stop making required payments. Late fees and interest may accumulate, and collections or lawsuits remain possible. Discuss these consequences before enrolling.
A rough list of your credit card balances, interest rates, and current payments is a useful start. Think about the monthly amount you can afford after essential expenses. You do not need to enter account numbers or your Social Security number on this page.
National Debt Reset reading guide · Based on federal consumer guidance
When the full balance is beyond your budget, a reduced settlement may make resolving a debt more achievable. The value is in an agreement you can complete, after accounting for the costs and consequences.
A creditor or collector may agree to accept less than the full amount owed. That is debt settlement, not a debt consolidation loan; it does not provide a new loan to pay off your existing balances. That can create a path to resolving an account when ordinary repayment is no longer realistic. The FTC describes negotiation as an option, including after a creditor has charged off an account. You can approach a creditor yourself; hiring a company is not required. Ask for any agreement in writing and keep it until the obligation has been satisfied. [3]
The CFPB recommends first confirming the debt, then deciding what you can realistically pay. A settlement could involve one payment or several smaller ones. Review take-home income, necessary expenses, and a cushion for unexpected costs before proposing an amount. An agreement that leaves you unable to cover other bills can create a new problem. Do not make a payment until the agreed terms are in writing. [1]
“After my essential expenses, what can I consistently set aside, and what happens if my income changes?” Bring that number to the conversation, along with your account balances.
A smaller settlement does not automatically mean a better overall outcome. Service fees, possible account charges, and growth in debts that remain unresolved can reduce the savings. The CFPB warns that creditors may refuse to participate and a company may not settle every account. Stopping payments can damage credit, trigger collections or lawsuits, and allow interest and penalties to build. If too few debts settle, those costs can outweigh the reductions. [2]
Our calculator makes the assumptions visible. It shows a settlement example and includes the service fee in its estimate. Use it to prepare questions, not to treat a projected reduction as money already saved.
The IRS generally treats canceled debt as taxable income unless an exception or exclusion applies. Bankruptcy and insolvency are among the possible exclusions; whether you qualify depends on your circumstances. A tax professional can review the potential effect before you rely on a net savings figure. Keep settlement records and any Form 1099-C you receive. [4]
A good first conversation should leave you better informed. You can review the numbers and ask these questions without enrolling in a program.
This is an original National Debt Reset guide summarizing the sources below. These agencies do not endorse National Debt Reset or any debt settlement provider. Reviewed September 24, 2026.
General education only. Results and eligibility vary.
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Original federal resource. National Debt Reset is not affiliated with or endorsed by the issuing agency. The original PDF retains its source attribution. The budget web form is provided by National Debt Reset.
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National Debt Reset LLC uses the information you submit to prepare a preliminary estimate, respond to your inquiry, and keep a record of your request. An estimate does not enroll you in a program.
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