Debt Options Calculator

Chande Debt Solutions is an Ontario Licensed Insolvency Trustee (formerly called Bankruptcy Trustee) and Consumer Proposal Administrator that is here to help you become debt free.

Our debt calculator provides a comparison of what your monthly debt repayment might look like under different debt relief options including a debt consolidation loan, debt management plan and consumer proposal. Actual results may vary as each situation is unique.  Your actual payments will be based on your income, assets and debts but this calculator provides a comparison of the potential savings of each option.

Simply enter your total unsecured debt, including credit card debt, bank loans, lines of credit, payday loans and tax debts. Do not include mortgage or secured car loans.

Enter Your Total Unsecured Debt

To Eliminate Your Debt
Monthly Payment (approximate)
Over 5 Years
Total Cost
Over 5 Years
Total Savings
Over 5 Years
Consumer Proposal
Settlement For Less Than Principal debt amount

Credit Counselling
No Negotiate principal reduction

Debt Consolidation
With on going applied interest cost

Repay Debt on Your Own
Monthly payment with on going interest cost

This is a simple comparison of why a consumer proposal is often the most beneficial way to eliminate debt.

Got Questions?

Call (416) 222-4600 or fill out the form below to get started.

The Debt Repayment Calculator can help you figure out how much it will cost to repay your debt each month, over a three year period. It also shows you what you can expect in terms of monthly payments for debt consolidation, over a five year period. Finally, it takes into account credit counselling, which assumes that you will pay back all of your unsecured debt in full, at a 0% interest rate.

A consumer proposal is a way to pay back debt that is managed by a government-certified Licensed Insolvency Trustee. This option might have a lower monthly payment than other options, like bankruptcy.

Over 12 Locations Across Southern Ontario to Serve You

With Chande, you can book a free consultation at one of our locations across the Greater Toronto Area, Hamilton and Southern Ontario.

Finding an office that’s closest to you is as easy as clicking the link below.


Book a free, no-obligation consultation with us today!

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