=48 && $b <= 57)
/*This is where the algorithms are set for the calculation of the total debt repayment amounts;*/
$total_debt = $num;
$consumer_total = $total_debt * 0.35;
$consumer_monthly = $consumer_total / 60;
$credit_total = $total_debt * 1.05;
$credit_monthly = $credit_total / 60;
$consolidation_monthly = pmt(12,5*12,$total_debt);
$consolidation_total = $consolidation_monthly * 60;
$regular_total = $regular_monthly * 60;
/*This is where you can set the rounding or decimal parametere;*/
$consumer_monthly = round($consumer_monthly);
$consumer_total = round($consumer_total);
$credit_monthly = round($credit_monthly);
$credit_total = round($credit_total);
$consolidation_monthly = round($consolidation_monthly);
$consolidation_total = round($consolidation_total);
$regular_monthly = round($regular_monthly);
$regular_total = round($regular_total);
/* This is where you can change the names, for example to French;*/
echo "Consumer Proposals : Monthly - $". number_format($consumer_monthly). " Total - $" . number_format($consumer_total)."
echo “Credit Counselling : Monthly – $”. number_format($credit_monthly). ” Total – $” . number_format($credit_total).”
echo “Consolidation Loan : Monthly – $” .number_format($consolidation_monthly). ” Total – $” . number_format($consolidation_total).”
echo “Regular Payment : Monthly – $”. number_format($regular_monthly). ” Total – $” . number_format($regular_total).”
The Debt Repayment Calculator gives you four payments options, each one for a five year period (60 months).
Your mortgage and car loan are typically not included in this calculation.
These results can be part of your options to be discussed when you meet with one of our Licensed Insolvency Trustees.