Payday Loan Debt Relief
There’s always a way forward — and it starts here.
In Canada, payday loans are being used more than ever before. In fact, they are increasingly used by those with overwhelming debts. So, if payday loans are making it harder and harder to keep up, you’re not alone. With many Canadians turning to payday loans to get by between paycheques, these short-term loans often come with long-term consequences. But there are safe, proven solutions — and real payday loan debt relief programs designed to help you break free and breathe easier.
What Happens When You’re Stuck in Payday Loan Debt?
Payday loans can seem like a lifeline — but quickly become a cycle. With high fees and interest rates, it’s easy to fall behind. If you’re relying on payday loans to manage monthly bills or borrowing from one lender to pay another, it may be time to explore safer and more sustainable solutions.
Here’s what you should know about payday loans in Ontario and across Canada:
- You can’t take out another payday loan with the same lender until the first is fully paid off.
- You have two business days to cancel a payday loan without any penalty.
- Lenders are legally required to disclose all loan terms, fees, and repayment dates clearly.
- You do not need to repay your loan early unless you choose to.
Choose How You Connect With Us
We’ll work with you in the way that feels best to you.
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Book a Specific Date/Time
Call Us During Business Hours
When you call, you will be connected with one of our Licensed Insolvency Trustees (LITs) during our regular business hours.
Toll Free: 1-877-557-7367
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
You can also reach us at one of our office locations phone numbers. See our list below on this page.
Mobile Text Us During Business Hours
From your phone, you will be connected with one of our Licensed Insolvency Trustees (LITs) during our regular business hours.
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
Not during office hours? Use our Chat on this page 24/7 and get connected for answers and live chat later.
Email Us
Sometimes a simple email is the way to get things rolling.
Expect a reply from us during our business hours:
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
Click the button below to reach or use our email address:
hello@spergel.ca
How Much Could You Save?
Use our Debt Calculator to see how much debt relief you could get through a consumer proposal — it could reduce your debt by up to 80%.
debt help options
What Are My Debt Help Options?
Explore your best path to payday loan debt relief in Canada.
Consumer Proposal
A consumer proposal is one of the most effective payday loan debt relief programs available in Canada.
Details
It’s a formal, legally binding agreement — handled by a Licensed Insolvency Trustee — to repay only part of what you owe, with one affordable monthly payment. Interest stops, collection calls end, and you keep your assets.
Debt Consolidation
A debt consolidation loan combines payday loans (and possibly other debts) into one lower-interest loan with a single monthly payment.
Details
This can make your finances easier to manage and reduce interest charges — but it’s important to ensure this option actually reduces your cost of borrowing overall.
Personal Bankruptcy
If payday loan debt has become completely unmanageable, personal bankruptcy may be the most appropriate option.
Details
It’s a government-regulated legal process, handled by a Licensed Insolvency Trustee, that eliminates most unsecured debts and provides a fresh financial start.
Let's Talk About What's Right For You
Let’s review your payday loan debt together and see what your options are. Book a free consultation and talk to one of our experienced trustees — with zero pressure.
Ready to Get Out of Debt? We Can Help You Get There — Guaranteed
Book a talk with a Spergel expert, and let’s figure out your next best move to become debt-free.
What Real People Are Saying
Read honest feedback from Canadians we’ve helped find relief, peace of mind, and a fresh financial start.
where to start
What’s the First Step Toward Payday Loan Debt Relief?
Speak with a Licensed Insolvency Trustee near you.
We’re the only professionals in Canada legally qualified to offer and file consumer proposals and bankruptcies, plus every other form of debt relief. At Spergel, you’ll be paired with your own dedicated trustee — no call centres, no repeating your story. With 35+ years of experience, we’ve helped over 100,000 Canadians across Ontario and Canada get relief from payday loan debt.
Everyone’s Situation is Different. Let’s Talk About You.
Book a free call with Spergel today, and we will make a plan with you on how to help.
General faq
Get clear answers to the questions on your mind about payday loan debt.
What is the best way to get payday loan debt relief in Ontario?
The most effective method depends on your overall debt, income, and financial goals. Consumer proposals are often the most affordable and protective option, especially if you have multiple payday loans.
Can I include payday loans in a consumer proposal or bankruptcy?
Yes — both consumer proposals and bankruptcies include payday loans and other unsecured debts, like credit cards or utility bills.
Will I lose my home or car if I file a consumer proposal?
Not necessarily. In most consumer proposals, you can keep your assets. A Licensed Insolvency Trustee will explain exactly what applies to you.
What if my payday lender is charging extra fees or refusing to cancel?
You have legal rights under provincial payday loan legislation. Contact a Licensed Insolvency Trustee — we’ll help you understand your options and protect your rights.
Real Canadians. Real Success — Like Sarah
“In just three months, tracking my spending became a game-changer. I thought I was budgeting well, but the reality was eye-opening. Spergel helped me realize that the ‘small’ purchases were adding up. Thanks to their guidance, I saved $600 in just two months!”
– Sarah, Ontario
Sarah’s Story is just one of many
Sarah’s journey from budgeting confidence to financial awareness showcases the power of detailed spending tracking. Discover more Success Stories of Canadians we’ve helped, or reach out to us so we can help you.
Let’s Tackle Your Payday Loan Debt
Tell us about your situation, and we’ll come up with a plan to get you moving forward to a debt-free financial future.
Let's Connect The Way That Works for You
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Getting Debt Help Closer to Home Is Easy
Life is hard enough — getting debt help shouldn’t be. That’s why we’re located in over 40 locations across Canada.