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
Debt 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 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.
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.