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Debt Repayment Calculator
How much unsecured debt do you have?
Explore your options below
Most recommended
Option 1. Consumer Proposal
Breakdown of Savings
(Pay 30%, no interest)
Total Payments: $9,000.00
Monthly Savings: $644.65
Monthly Payments: $150.00
Option 2. Credit Counselling
Breakdown of Savings
(Pay 100%, no interest)
Total Payments: $30,000.00
Monthly Savings: $294.65
Monthly Payments: $500.00
Option 3. Debt Consolidation
Breakdown of Savings
(Pay 100%, 12% interest)
Total Payments: $40,040.01
Monthly Savings: $127.32
Monthly Payments: $667.33
Option 4. Repaying Your Debt On Your Own
Breakdown of Savings
(Pay 100%, 19.99% interest)
Total Payments: $47,678.98
Monthly Savings: $0.00
Monthly Payments: $794.65
| What it means if your total unsecured debt is: $30,000.00 | Paid over over a 5 year term | |||
| Total Payments | Monthly Savings | Monthly Payments | ||
|---|---|---|---|---|
| Consumer Proposal1 | (Pay 30%, no interest) | $9,000.00 | $644.65 | $150.00 |
| Credit Counselling2 | (Pay 100%, no interest) | $30,000.00 | $294.65 | $500.00 |
| Debt Consolidation3 | (Pay 100%, 12% interest) | $40,040.01 | $127.32 | $667.33 |
| Pay In Full4 | (Pay 100%, 19.99% interest) | $47,678.98 | $0.00 | $794.65 |
| 1Consumer Proposal: | Our graph is designed to help you understand the repayment plan for your unsecured debt. It assumes that you can comfortably repay at least 30% of your debt over a 5-year period, interest-free. Please note that the actual payment percentage may vary based on your unique circumstances. Lets work together to create a customized plan that suits your needs | ||||
|---|---|---|---|---|---|
| 2Credit Counselling: | Graph assumes that you will be able to repay all of your unsecured debt over 5 years, with no interest charges | ||||
| 3Debt Consolidation: | Graph assumes that you will be able to repay all of your unsecured debt over 5 years, with a 12% interest rate, compounded monthly | ||||
| 4Pay In Full: | Graph assumes that you will be able to repay all of your unsecured debt over 5 years, with a 19% interest rate, compounded monthly | ||||