Debt Repayment Calculator
Compare your debt repayment options
Wondering what your monthly debt payments could look like? Use our consumer proposal calculator to compare estimated payments for a consumer proposal, debt consolidation, and repaying your debt in full.
Our free debt repayment calculator gives you a starting point for exploring your options in Canada. When you’re ready, a Licensed Insolvency Trustee can help you understand what the results could mean for your circumstances.
Note: Enter your total unsecured debt below. Do not include your mortgage or secured car loan.
Total Debt Owing:
Total Repayment
Monthly
Total
Monthly
Paying In Full:
Total
Monthly
Let’s put your results into perspective
*These results are estimates for illustration only. They do not confirm eligibility, creditor acceptance, or your actual repayment amount. Your results depend on the calculator’s assumptions; your actual options depend on your financial circumstances. A Licensed Insolvency Trustee can review your situation and explain the options available to you.
Understanding your debt repayment calculator results
Your results compare estimated monthly payments and total repayment amounts across three options:
- Consumer proposal: explore an illustration of what repayment could look like through a formal arrangement with your creditors.
- Debt consolidation: compare estimated repayments if eligible debts were combined into a new loan.
- Repaying in full: see the estimated cost of repaying the full balance under the assumptions used by this calculator.
Monthly payments are only part of the picture. The total amount repaid, repayment period, interest, and suitability of each option also matter.
A calculator cannot assess your full financial situation. A Spergel Licensed Insolvency Trustee can review your income, assets, debts, and budget to help you understand your next steps.
Our free debt repayment calculator gives you a starting point for exploring your options in Canada. When you’re ready, a Licensed Insolvency Trustee can help you understand what the results could mean for your circumstances.
Find a way forward with your debt
You don’t have to work everything out on your own. Whether you’re exploring a consumer proposal or comparing other options, we’re here to answer your questions.
Book a free, confidential consultation with a Spergel Licensed Insolvency Trustee. Get clear guidance, without pressure or judgment.
Quick Contact Form
"*" indicates required fields
Book a Specific Date/Time
Call Us During Business Hours
When you call, you will be connected with one of our Licensed Insolvency Trustees (LITs) during our regular business hours.
Toll Free: 1-877-501-4321
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
You can also reach us at one of our office locations phone numbers. See our list below on this page.
Text Us During Business Hours
From your phone, you will be connected with one of our Licensed Insolvency Trustees (LITs) during our regular business hours.
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
Not during office hours? Use our Chat on this page 24/7 and get connected for answers and live chat later.
Email Us
Sometimes a simple email is the way to get things rolling.
Expect a reply from us during our business hours:
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
Click the button below to reach or use our email address:
hello@spergel.ca
Let’s find what works for you
Busy Schedule? Book a Date/Time:
Prefer to Call? Reach Us Here (Toll Free):
What our clients say means everything
Real words. Real relief. Real change. See what our clients have to say.
Real Canadians. Real Success — like Jenna
“I never thought I’d see a way out of the mess I had created. My gambling addiction had spiralled out of control, leaving me and my husband drowning in debt and on the verge of losing everything we had worked for. Turning to Spergel was the best decision we could have made. The team didn’t just help us manage our debt; they offered genuine compassion and a clear path forward. The consumer proposal they crafted allowed us to significantly reduce our debt, and the structured repayment plan gave us hope and a way to rebuild. Most importantly, the support and counselling helped me address my addiction, something I couldn’t have done on my own. Thanks to Spergel, we’ve regained control of our lives and our future.”
– Jenna, Ontario
Jenna’s Story is just one of many
It shows that once you face your debt and get the right help, life can get better – quickly. Discover more Success Stories of Canadians we’ve helped, or reach out to us.
consumer proposal calculator faq
Support for your life and your future
How does a consumer proposal payment calculator work?
A consumer proposal payment calculator uses assumptions to illustrate potential monthly payments and total repayment amounts. Our tool lets you compare those estimates with debt consolidation and repaying your debt in full. It provides a starting point for a conversation, rather than a personalized repayment offer.
How accurate is the consumer proposal calculator?
The calculator provides an estimate. It cannot assess your eligibility or predict the terms your creditors will accept. Your actual repayment amount depends on your financial circumstances and the proposal agreed with your creditors. A Licensed Insolvency Trustee can review your situation and explain a realistic approach.
How are consumer proposal payments calculated?
There is no single repayment percentage that applies to everyone. A Licensed Insolvency Trustee reviews your finances and works with you to develop an offer for your creditors to consider. The amount shown by this consumer proposal repayment calculator is an illustration, rather than a guaranteed payment.
Can I use this consumer proposal calculator in Ontario?
Yes. If you live in Ontario, you can use this calculator as a starting point for comparing estimated debt repayments. The tool does not assess your individual circumstances or provincial considerations. Speak with a Licensed Insolvency Trustee for advice specific to your situation.
How long does a consumer proposal last?
A consumer proposal must be completed within five years. Your agreed terms determine the payment amount and schedule. The repayment period used for a calculator estimate may differ from the terms of an actual proposal.
Can I use this as a debt payoff calculator?
This tool compares estimated monthly payments and total repayment amounts across the options shown. It can help you explore ways to deal with your debt, but it does not create a personalized payoff schedule for individual credit cards or loans.
Does using the calculator start a consumer proposal?
No. Using the calculator does not file a consumer proposal or commit you to a debt solution. If you want to explore a consumer proposal, the next step is to speak with a Licensed Insolvency Trustee.
Take the next step towards managing your debt
You’ve explored the numbers. Now get help understanding what could work for you. Speak with a Spergel Licensed Insolvency Trustee for free, confidential guidance on your debt repayment options.