What is the best debt consolidation method for you?

You might think you know the answer — or have no idea. Either is fine!

But if you want to get out of debt for good, it’s time to put the question to the test.

Enter our new tool, the online debt repayment calculator.

With this tool, you can quickly and easily calculate how you can be out of debt in five years or less!

All you have to do is enter your total debt (excluding mortgages), then the calculator will do its work.

It will show you how much it will cost to pay off your debt over five years, compared by debt consolidation method, and how much the monthly debt payment would be.

For instance, if you had $100,000 worth of debt, your options might be:

• Do nothing – this would cost you $158,963.30 over five years with a monthly payment of $2,649.39 per month.
• Debt consolidation — this would cost you $133,466.69 over five years with a monthly payment of $2,224.44 per month.
• Credit counselling — this would cost you $110,000 over five years with a monthly payment of $1,833.33 per month.
• A DebtCare solution — this would cost you $30,000 over five years with a monthly payment of $500 per month.

Try it for yourself! Access the debt calculator here.

*This calculator is for demonstration purposes only. The results will vary depending on your specific circumstances which include your income and any assets. A minimum of $6,000 of unsecured debt is required.

If you have any questions or want to take action on getting debt free for good, Contact DebtCare Canada today by phone at 1-888-890-0888 or try our free online assessment at https://www.debtcare.ca/form.html. We can assist you with paying down your debt and getting a fresh start.