Get out of debt, one step at a time
Enter your debts and what you can put toward them each month. We'll show you the payoff order, when you'll be free, and how much interest each method saves.
Avalanche or snowball?
Two strategies exist. The avalanche tackles the highest rate first, it costs you the least. The snowball tackles the smallest balance first, each debt cleared gives you momentum. We work out both and show you the gap.
Your debts
One line per debt. An estimate is enough to start, you can adjust later.
| Name | Balance ($) | Rate (%/yr) | Minimum ($/mo) | Remove |
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Payoff order
Month-by-month plan
Free, confidential help with your budget and your creditors: an ACEF (find one by calling 2-1-1). Feeling overwhelmed: 811 option 2 (Info-Social) · Suicide.ca 1-866-277-3553 · 911 if you are in immediate danger.
Method: interest is compounded monthly (annual rate ÷ 12), applied before payments. Minimums are paid first, then the surplus goes to the target debt; when a debt is cleared, its minimum joins the surplus. Resources: ACEF and 211 Québec, updated .
You don't have to do this alone
An ACEF budget counsellor helps you for free, confidentially, and can even negotiate with your creditors. It's their job, and it costs nothing.
Find an ACEF near you · 211 tool, find an ACEF ↗ · Call 211
Money worries can weigh heavily. If you're struggling, someone is there 24/7: 811 option 2 (Info-Social), or Suicide.ca, 1-866-277-3553. In immediate danger, call 911.
Want to see your whole budget first? Try our budget tool.