Debt Repayment Calculator

Use our Debt Repayment Calculator to find out what your monthly payment would be with each of several different debt repayment options that may be available to you. This debt calculator will help you compare the options. See below for details of the various options, and more information on consumer proposal.

Enter your total unsecured* debt:

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

Your Estimated Monthly Payment with Different Debt Repayment Options**

  • $0.00
  • $0.00
  • $0.00
  • $0.00
  • $0.00
  • Repay on your own ($0.00)
  • Debt consolidation ($0.00)
  • Credit counselling ($0.00)
  • Debt settlement ($0.00)
  • Consumer proposal ($0.00)
**Please note that these numbers are for illustrative purposes. The amount you will pay may be higher or lower, and will depend on which creditors you owe (some creditors require more than others), and on what you can afford to pay each month (based on your family income, the size of your family, and your assets).

Bankruptcy-Canada.ca Can Help You with a Consumer Proposal

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Repay on Your Own

$0.00

per month,

over 3 years

  • Assume that you will pay back your unsecured debt in full
  • Interest Rate: 18% compounded annually

Debt Consolidation

$0.00

per month,

over 3 years

  • Assume that you will pay back your unsecured debt in full
  • Interest Rate: 12% compounded annually

Credit Counselling

$0.00

per month,

over 3 years

  • Assume that you will pay back your unsecured debt in full
  • Interest Rate: none

Debt Settlement

$0.00

per month,

over 3 years

  • Assume that you will pay back 50% your unsecured debt in full
  • Interest Rate: none

Consumer Proposal

$0.00

per month,

over 3 years

  • Assume that you will need to pay back only 35% of your total unsecured debt
  • Interest Rate: none

About Consumer Proposals

Consumer proposals deserve special mention here, as you will have noticed while using this debt repayment calculator that your potential monthly payment would be lower under the terms of a consumer proposal. A consumer proposal is a uniquely Canadian alternative to bankruptcy, which is always arranged by a government-certified Licensed Insolvency Trustee.

For more information about consumer proposals, including who can qualify, visit our webpage “Consumer Proposal Guide: What Is a Consumer Proposal?”

Ready to Get Started with a Consumer Proposal?

Speak with a Licensed and Experienced Insolvency Trustee Now.

Call (888) 823-8239

or

Schedule Free Consultation