Loans & Debt
Get out of debt for less
The Canadian debt picture without the sales pitch: lenders compared at the source, calculators that show the real numbers, and an honest map of every option — from a lower-rate consolidation loan to a consumer proposal. We rank by what saves you money, never by who pays us.
Start here
The three questions worth answering first
Can a lower rate help?
Compare verified consolidation lenders — who is genuinely cheap, who only looks it, and the marketplaces that are leads, not lenders.
Compare lendersWhat would I actually save?
Drop in your balances and a loan rate — see the monthly payment, lifetime interest, and how many months sooner you’d be debt-free.
Open the calculatorWhat if a loan can’t fix it?
When the debt is past borrowing, know your real options — a debt-management plan, a consumer proposal, or bankruptcy, cited to the federal rules.
Understand the optionsDebt calculators
Run your own numbers
Loan Payoff Calculator
Monthly payment, total interest and payoff date for any loan — plus exactly how much an extra payment saves you in interest and time.
OpenAuto Loan Calculator
Car payment and real total cost — price plus tax and interest after your down payment and trade-in, with the term trade-off laid bare.
OpenDebt Consolidation Calculator
List your cards and loans, then drop in one consolidation-loan rate — see the real monthly savings, lifetime interest saved, and how many months sooner you’d be debt-free.
OpenDebt Snowball vs Avalanche
Same debts, two payoff orders — see whether the avalanche’s interest savings beat the snowball’s quick wins on your own numbers, with the full payoff schedule for each.
OpenGuides
Understand it first
Best Personal Loans
Canada’s personal-loan lenders ranked by who they fit — Tangerine and the banks for good credit, goPeer and Spring for fair, Fairstone and easyfinancial for non-prime — every rate verified at the source.
ReadHow to Get a Free Credit Score
Where Canadians can check their credit score for free — Borrowell, Credit Karma and the bank apps — which bureau each uses, and why “educational” scores differ from a lender’s.
ReadHow to Get a Free Credit Report
Your legal right to a free credit report from Equifax and TransUnion — how to request it, why checking your own is a no-impact soft inquiry, and how to dispute errors.
ReadBest Debt Consolidation Loans
Canada’s consolidation lenders compared at the source — Tangerine, goPeer, Spring Financial and Fairstone, plus the marketplaces that are leads, not lenders. Every rate verified.
ReadBest Bad-Credit & Low-Interest Loans
The honest map of bad-credit lending in Canada — goPeer, Spring, easyfinancial and Fairstone compared, plus the credit-builder apps, the 35% rate cap, and the payday traps to avoid.
ReadBest Lines of Credit
Personal lines of credit and HELOCs in Canada — the honest truth that almost no bank publishes a rate, National Bank’s tiers, the Tangerine teaser, and the federal 65%/80% HELOC limits.
ReadBest Auto Loans
Car loans in Canada — why no big bank publishes a rate, the credit unions that do (DUCA, Vancity), how 0% manufacturer financing really works, and the long-term negative-equity trap.
ReadDebt Consolidation, Explained
How consolidation works in Canada — loans, balance transfers, HELOCs and credit counselling compared, when it helps and when it doesn’t, and the credit-score impact.
ReadConsumer Proposal vs Bankruptcy
The Canadian debt-relief options when a loan can’t fix it — what a Licensed Insolvency Trustee does, the $250k proposal limit, and how long each stays on your credit report. Cited to federal sources.
ReadHow to Choose a Licensed Insolvency Trustee
The only professionals who can file a consumer proposal or bankruptcy — how LITs are licensed and paid (a regulated tariff), the free first consultation, and the debt-settlement middlemen to skip.
ReadLender reviews
In-depth, at the source
How we keep this honest
Every rate, fee and term is verified at the lender’s own website and stamped with the date we checked (currently June 13, 2026). Where a lender — or a bank — doesn’t publish a figure, we say so rather than guess. Our rankings are editorial and weighted for what saves you money; we never sell placement. When you open a product through some links we may earn a commission, which keeps the site free and never changes the order. Read our full methodology.