Answers

Tips, Tricks, Help & Relief Options

Dealing with debt often brings many questions, and you’re not alone in seeking answers. On this page, we’ve gathered the most common questions about debt in Canada based on the real-life experiences of people just like you. From understanding how debt affects your credit to exploring available relief options, these questions reflect many Canadians’ genuine concerns.

Financial Solutions for Canadians

We aim to provide clarity and reassurance, reminding you that you’re not alone. Many others are walking the same path, and together, we can navigate these financial challenges to find a way forward.

Have a question you’d like to ask? Want to ask it anonymously? Ask any question about debt anonymously, and we’ll get back to you as soon as possible with an answer. Ask a debt question.


What is the minimum payment of a credit card? DEBT INSIDERS

What is the minimum payment of a credit card?

Discover how to calculate the minimum payment of your credit card in Canada. Learn the breakdown by balance and importance of staying informed. Read now!
How much debt does Canada have? DEBT INSIDERS

How much debt does Canada have?

financial planning
Discover how much debt Canada has and the factors behind its national debt and gross debt. Learn more about the financial landscape and its implications!
Do debt consolidation loans hurt your credit? DEBT INSIDERS

Do debt consolidation loans hurt your credit?

debt consolidation
Considering a debt consolidation loan? Discover how it affects your credit score. Learn the initial impacts and long-term benefits. Read for expert insights!
How to pay credit card from different bank? DEBT INSIDERS

How to pay credit card from different bank?

debt consolidation
Need to make a credit card payment from a different bank? Discover hassle-free methods, including Interac e-Transfer and EFT options. Learn more now!
Does credit consolidation ruin your credit? DEBT INSIDERS

Does credit consolidation ruin your credit?

debt consolidation
Concerned about how credit consolidation might affect your credit score? Learn if it can damage your credit and discover tips to boost your score. Read now!
Does consolidating your debt hurt your credit? DEBT INSIDERS

Does consolidating your debt hurt your credit?

debt consolidation
Worried about how debt consolidation will affect your credit score? Discover the impact and tips to manage your credit effectively. Read now to learn more!
Does canceling a credit card hurt your score? DEBT INSIDERS

Does canceling a credit card hurt your score?

credit rebuilding
Canceling a credit card can hurt your score by affecting credit utilization, history length, and mix of credit types. Learn how to protect your credit score!
Does a consolidation loan affect credit? DEBT INSIDERS

Does a consolidation loan affect credit?

debt consolidation
Discover how a consolidation loan can affect your credit score. Learn about the impact on your credit and tips for managing debt effectively. Read now!
Do Klarna affect credit score? DEBT INSIDERS

Do Klarna affect credit score?

credit rebuilding
Worried about how Klarna might affect your credit score? Discover the truth behind Klarna's impact on your credit today! Read now to stay informed & shop smart!
Do consolidation loans affect your credit? DEBT INSIDERS

Do consolidation loans affect your credit?

debt consolidation
Wondering if consolidation loans affect your credit score? Discover how they can impact your finances and learn how to improve your credit. Read now!