Your Current Payments
$750/mo
- Paid over 5 years
- $0
- After 5 years
- $0 still owed
Continuing at the selected payment and interest rate. The balance may remain after five years.
Free Tool
Estimate Your
Debt Reduction
See roughly how much you could save with a consumer proposal — enter your total unsecured debt and get an instant estimate. Free, confidential, no obligation.
How much unsecured debt do you have?
Credit cards, lines of credit, personal loans and tax debt. Excludes mortgages and secured car loans.
$1,000$150,000+
Average rate across your debts. Credit cards are typically 19.99%-22.99%.
3%30%
What you currently pay each month. The suggested amount is 3% of your balance.
$50$3,000
Estimated debt forgiven with a consumer proposal
$18,750A consumer proposal estimate repays $6,250 over up to five years at 0% interest.Consolidation Loan
$0/mo
- Term
- 5 years
- Total repaid
- $0
Combines the full debt into one loan at an estimated 12% interest rate, subject to lender approval.
Consumer Proposal
$0/mo
- Term
- Up to 5 years
- Total repaid
- $0
Illustrates repaying 25% of unsecured debt at 0% interest. Actual terms depend on your circumstances and creditors.
This tool will provide an estimate only, not financial or legal advice. Actual results depend on your income, assets, creditors, and personal circumstances. A Licensed Insolvency Trustee will review your full situation in a free consultation before recommending any option.
Common Questions
Frequently Asked Questions
Straight answers about how the estimate works.
How accurate is the estimate?
It's a starting point, not a final number. A Licensed Insolvency Trustee reviews your income, assets, and creditors in a free consultation to give you an accurate, personalized figure.
Is my information kept private?
Yes. Everything you enter is confidential and used only to help estimate your options — nothing is shared with creditors or reported anywhere.
Does using the calculator commit me to anything?
No. It's a free tool with no obligation. You decide if and when you want to book a consultation.