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Debt Payment Calculator

Find out how much each debt solution can save you.

Dealing with debt can be overwhelming, but you have options!

With Farber’s Consumer Proposal, don’t just consolidate your debt, eliminate it. We can reduce up to 80% of what you owe, with only one monthly interest-free payment based on what you can actually afford.

Move the slider below to your debt amount, and we’ll show you how much you can save over five years and each month.

You Pay: $0 / You Save: $0

$6,000 $250,000
You save
You pay 
You pay
You pay
(0% Interest Rate)
(12% Interest Rate)
(19% Interest Rate)

Calculator Details:

Consumer Proposal: A debt relief program specifically designed for Canadians who can’t repay their debts in full. It offers a debt reduction of up to 80%, one affordable monthly payment on the remaining debt, and no interest or fees. 

Debt Consolidation: A loan that combines all your existing debt into one payment, with a single interest rate, offering you a simple way to make your payments. However, none of your debt is reduced, the interest rate you’ll pay for a typical debt consolidation loan is usually very high and you will need to qualify.

Do nothing, keep paying: Consider this – with interest rates on the rise, your monthly charges and debt could keep rising over time, taking you longer to pay off your debt.

This calculator simply provides an estimate of the total savings you could receive with a Consumer Proposal and is for demonstration purposes only. Actual results may vary based on your unique financial situation. The interest rates are based on current industry averages and the monthly payment estimates are based on a five-year term.

Ready to chat? We’re ready to listen – and help.

It’s easy. Click the FREE CONSULTATION button below, or give us a call!

Farber has helped me lower by debt payments by an astronomical amount, while also helping me out every step of the way and the whole process took under a week. Vishal who helped me through the process went above and beyond to get to know you as a person, and has helped every step of the way.

— Simon S., 2023