The Newcomer Debt Reality Check

Find out what your credit card debt is really costing you and how long it will take to pay off at minimum payments.

$
%

Most Canadian credit cards charge between 19.99% and 22.99%. Check your statement or card agreement if you are not sure.

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Total interest you will pay at minimum payments only
$0
on top of the money you already borrowed
—
to pay off your balance at minimum payments
$0
of your payment goes to interest every month
$0
of your payment actually reduces your balance

Where your minimum payment actually goes

Goes to the bank as interest 0%
Reduces your balance 0%

What if you paid more each month?

Even a small extra payment each month makes a significant difference. Here is how much you could save.

Monthly Payment Paid Off In Total Interest You Save

Now that you know the real cost — here is the complete system to eliminate it.

The Newcomer Family Debt Payoff Workbook walks you through ranking your debts, building a month-by-month payoff plan, and calling your bank to request a lower interest rate — with a script written specifically for newcomers in Canada.

Get the Complete Debt Payoff System — CAD $27 →

This calculator is for educational purposes only and does not constitute financial advice. Results assume a fixed monthly payment and do not account for changes in balance, rate, or payment over time. For personalised guidance, contact Credit Canada at creditcanada.com — free and confidential.