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How Much are Your Unsecured Debts Costing You?

Unsecured Debt

$10,000
You'd pay back: $10,000
This calculator is based on making the minimum repayment amount at a 18% interest rate. Minimum repayments are calculated as a percentage of the closing balance, typically 2 or 2.5%, or a set dollar amount, usually around $20, whichever is greater. Your repayment will never be more than your closing balance.

Reduce Your Debts by up to 80%!

SOS Debt Solutions specialises in helping people struggling with debt repayments, no matter your situation. As experienced professionals, we can offer you a range of solutions which thousands of people have successfully used to improve their financial position. By taking the right action now, you can stop the painful cycle of awkward phone calls, intimidation and pressure to repay debts.

Combine Your Debts

Our Debt Management Plan will combine your debts into one, easy-to-manage payment, reducing the stress of having to juggle multiple interest rates, fees and payment dates.

Negotiation with Creditors

During the DMP process, we negotiate with creditors on your behalf and on your terms – not theirs, so you can reach a fair outcome between all parties.

Stops Creditor Harassment

All calls and harassment from creditors will cease once they recognise we are working with you to find a positive solution to your financial situation.

Australia-Wide Service

Our Debt Management Plan is offered Australia-wide. No matter where you are, if you’re struggling we can help reduce your debts and get your finances back on track.

How does it work?

After engaging SOS Debt Solutions, one of our experienced Case Managers will be assigned to collect information for your application from creditors. Once your creditors know you’re on a DMP, all harassing phone calls will stop. The information collected from your creditors will help your Case Manager understand your financial circumstances and create a tailored solution for your individual situation.

In order to qualify for a DMP, all you have to do is be experiencing financial hardship. In other words, you just need to be struggling to meet your creditor repayments as they fall due. There are no restrictions on the amount of debt you owe, value in assets you have or income you earn. These factors only play a role in the type of DMP recommended for your situation as a DMP can be tailored for anyone struggling with debt.

3 Easy Steps

Get in touch with us at SOS Debt Solutions

Our professional team will assess your financial situation

We will provide you with a tailored debt relief solution

Free Debt Assessment

Debt Management Plan Calculator

When you’re struggling with debt, not feeling in control can cause a huge amount of stress. We’ve designed our Debt Management Plan calculator to help you work out how much you could save when you combine your unsecured debts into a single, easy-to-manage repayment.

Unsecured Debt 1
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add
Unsecured Debt 2
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add
Unsecured Debt 3
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add
Unsecured Debt 4
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add
Unsecured Debt 5
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add
Unsecured Debt 6
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add
Unsecured Debt 7
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add
Unsecured Debt 8
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add
Unsecured Debt 9
$0.00

Debt Type

The type of unsecured debt you have

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Total

$0.00

New Duration (Years)

The loan duration for paying off your debts.

New Repayment Frequency

How often you would like to make payments.

Your Results

Old Repayments $0.00 per fortnight
New Repayment $0.00 per fortnight

0% interest rate while in a Debt Management Plan!

Trying to manage multiple debts can be difficult. Consolidating your debts into a single payment could make it easier to manage.

Apply Now
Disclaimer

Calculator Disclaimer

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan or product. Results are based on information you have provided and does not take into account your personal circumstances. Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria. This calculator is not intended to be your sole source of information when making a financial decision. It is advised that you consult a professional financial advisor before taking out a loan.

Why Choose a Professional

Financial Freedom

With our Debt Management Plan, you may be able to reduce your total debt amount by up to 80% and be debt free in 3 years. Pay what is affordable for a set period of time and your creditors will write off the remaining debts.

The below example shows how you could benefit from a DMP.

EXAMPLE UNSECURED DEBTS

Debt: $20,000 Creditors: 3

WAS PAYING:

$520

per month

NOW PAYING:

$150

per month

Total amount of debt reduced: $11,000

TOTAL PERCENTAGE OF DEBT REDUCED

55%

In this example, the DMP client was able to get 55% of their debts written off by creditors, a total of $11,000 at the end of their DMP.

Our clients creditors will need to agree to the DMP, and regular payments will be based on individual circumstances. Credit rating will be affected. Fees will be added to the DMP, but not charged additionally, and are subject to individual circumstances.

Free Debt Assessment

Karen

"Great service from the very first phone call, non-judgemental and very friendly. Whole experience was made as stress free as possible. I can't thank the team enough. Thank you!"

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Lucy very helpful and did great job
Lucy very helpful and did great job. Her empathy and dealings beyond reproach.
Cathy Brown
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Lucy very helpful and did great job
Lucy very helpful and did great job. Her empathy and dealings beyond reproach.
Cathy Brown
trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating
Lucy very helpful and did great job
Lucy very helpful and did great job. Her empathy and dealings beyond reproach.
Cathy Brown
trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating
Lucy very helpful and did great job
Lucy very helpful and did great job. Her empathy and dealings beyond reproach.
Cathy Brown
trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating trustpilot-star-rating
Lucy very helpful and did great job
Lucy very helpful and did great job. Her empathy and dealings beyond reproach.
Cathy Brown
Rated 4.8 out of 5 based on 797 reviews on Trustpilot

Our Range of Services

At SOS Debt Solutions, we offer a wide range of services to help Australian individuals and businesses in need. We are experts in cutting through the jargon and explaining everything so you’re comfortable with whatever path you choose to take.

Personal Debt

We have years of experience helping everyday Australians get out of debt. Our team will assess your financial situation and recommend the best solution, which could be debt consolidation, mortgage refinance, Informal Agreement, Part 9 Debt Agreement or Bankruptcy.

Business Debt

We provide expertise in Business Debt options and can assess the position of your business in order to advise the best step forward. We specialise in Business Turnaround, Voluntary Administration and liquidation.

Debt Negotiation and Settlement

We are able to negotiate a repayment arrangement or informal debt agreement, which does not have lasting impact on your credit file. We often reduce the overall debt amount by up to 80%.

Debt Agreement

A Part 9 Debt Agreement is a legal and binding agreement with your creditors. A Debt Agreement outlines a new payment arrangement, which will reduce your debts, pause your interest, reduce your payment amounts and generally last between 3 to 5 years.

Tax Debt Solutions

The biggest trigger for company liquidations and personal bankruptcies is the Australian Tax Office. We work with you to explore all of your options and assist you in making the right decisions to resolve your tax debts.

Bankruptcy

If you’re suffering with severe debt, Bankruptcy can help clear your debts, stop creditor harassment and provides you with a fresh start. Our team will consider all other options for your situation before recommending Bankruptcy.

Free Debt Assessment