How to compare a debt payoff path in Canada

This page is an educational starting point. It helps you organise a question and see the facts that should be confirmed; it does not make the decision for you.

1. 01

   Start by checking whether essentials and required minimum payments are covered without new borrowing.

2. 02

   Use current statement balances, annual rates, minimum payments, and promotional terms, not estimates you cannot confirm.

3. 03

   Compare a highest-cost-first and smallest-balance-first mechanism using the same extra payment.

4. 04

   Stop the comparison and use appropriate help if collections, payday loans, missed essentials, or serious hardship are in the picture.