Debt Freedom Calculator

Reduce your debt by up to 80%

With a Spergel Consumer Proposal, you can reduce what you owe and become debt-free faster.

We’re having trouble calculating your options. For further assistance, you may request a call or use the LiveChat function to contact a Spergel representative who will be able to assist you immediately.

Enter your total unsecured debt. Unsecured debt means debt that is not tied to an asset or collateral like credit cards. Do not include any secured debt (like mortgages, car payments, etc.).
A Spergel Consumer Proposal is structured into monthly payments paid over a period of up to 5 years. You will not pay additional interest or fees during that time.

Your Options

Your monthly payment

Debt Consolidation

Debt Consolidation

Do nothing. Pay in full.

Do nothing. Pay in full.

A Consumer Proposal is a legally binding debt relief and repayment plan that allows you to repay your creditors without interest – usually at a fraction of what was originally owed. Your Spergel trustee will work with you to develop, negotiate and manage a payment plan that you can afford. There are many reasons to consider a consumer proposal:

  • Reduce the amount you pay by up to 80%
  • Freeze interest and penalties on your debt
  • Stop collection calls and wage garnishments
  • Keep many of your assets
  • Avoid bankruptcy

Spergel has helped over 100,000 Canadians experience debt freedom.

Our Licensed Insolvency Trustees will answer all of your questions and explain your options with the personalized attention you deserve.

This calculator is for demonstration purposes only.