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Debt Options Calculator

Consumer Proposals Generally

A Consumer Proposal is an option most people in financial difficulty don't know about, but should. This website, its contents, and its principals, are committed to informing people about the Consumer Proposal option and advising them how they can avoid having to file bankruptcy and keep control over their lives, assets and finances.

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.
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Repay Debt on Your Own


Per month,
over 5 years
  • Assume that you will pay back your unsecured debt in full
  • Pay back period: 5-year
  • Interest rate: 18% compounded annually

Debt Consolidation


Per month,
over 5 years
  • Assume that you will pay back your unsecured debt in full
  • Pay back period: 5-year
  • Interest rate: 12% compounded annually

Credit Counseling


Per month,
over 5 years
  • Assume that you will pay back your unsecured debt in full
  • Pay back period: 5-year
  • Interest rate: 5%

Debt Settlement


Per month,
over 5 years
  • Assume that you will pay back 100% your unsecured debt in full
  • Pay back period: 5-year
  • Interest rate: none

Consumer Proposal

In general, a Consumer Proposal is a suitable option in situations when a person's debts exceed $6,000, to a maximum of $250,000.
If you can't afford any of these options, personal bankruptcy might be right for you.