HomeDebt relief

Debt-help options in Canada

Find a clearer path for dealing with debt pressure.

Compare consolidation, structured payoff, professional debt-help and credit-rebuilding paths based on your payment pressure, debt mix, credit profile and preferred next step.

Browse All Debt-Help Options

4 questions · About 30 seconds · No application or credit inquiry from answering.

Start with your situation

Choose a debt-help path or let MoneyMatch decide

Start with the route you understand, or use the matcher for a ranked explanation based on pressure, debt type, credit profile and your preferred outcome.

Debt consolidationCompare one-payment paths, total cost and eligibility Professional debt helpSupport-focused paths for missed payments or serious pressure Structured payoff planningEducational tools for balances that remain manageable

Start your match

How hard is it to keep up right now?

Choose your current pressure level. MoneyMatch will ask three more questions and explain the ranking.

Your MoneyMatch results

Your best debt-help matches

See why each path fits your answers, then compare cost, payment impact, credit considerations and important limitations before continuing.

We matched these options using your preferences

Browse and compare

Browse every debt-help option and planning path

Filter the complete list, review the essential trade-offs and compare up to three provider options side by side.

Debt Relief

Debt Relief Canada

Professional debt-help consultation

A guided debt-help path for Canadians who want to review consolidation, repayment and more formal relief options based on their current pressure level.

See option details

How it may help

Guided review of your debt situation
Compare support-focused next steps
Useful when pressure is already significant

Features to review

Provider-set eligibility and process
Possible credit consequences vary by option
Final recommendations depend on your full financial picture

Important consideration

A consultation does not guarantee savings, creditor acceptance or a particular outcome

Best suited forCanadians facing tight payments, missed payments or mixed unsecured debt

Cost and payment focusReview fees, payment impact and total outcome

Credit impactCredit impact depends on the recommended path

Suitable whenSerious pressure or need for guided next steps

Add to compareView Debt-Help Options

Consolidate

Debt Consolidation Canada

Debt consolidation path

A debt-consolidation path for Canadians comparing whether combining eligible balances could simplify payments or improve monthly cash flow.

See option details

How it may help

Potentially combine eligible balances
One payment may simplify budgeting
Compare payment and total-cost trade-offs

Features to review

Approval and rate are provider decisions
Not every debt type may qualify
Longer terms can increase total interest

Important consideration

A lower monthly payment can still increase total cost when the term is longer

Best suited forPeople whose payments remain manageable and who want one clearer repayment path

Cost and payment focusCompare rate, fees, term and total interest

Credit impactApplication and new-credit effects may apply

Suitable whenManageable or tight payments with eligible debt

Add to compareCompare Consolidation Options

Debt Rehab

Debt Rehab Canada

Debt-recovery support

A support-focused path for Canadians who want help reviewing debt pressure, repayment options and longer-term financial recovery.

See option details

How it may help

Structured debt-recovery guidance
Designed for higher-pressure situations
Can connect debt and credit-rebuilding needs

Features to review

Program suitability depends on circumstances
Provider and professional criteria apply
No guaranteed reduction in balances or payments

Important consideration

Review all fees, legal implications and credit effects before agreeing to a program

Best suited forCanadians who want structured help after missed payments or prolonged debt stress

Cost and payment focusProvider terms and program costs apply

Credit impactCredit effects vary by recommended solution

Suitable whenMissed payments, collections risk or rebuilding credit

Add to compareView Debt Rehab Options

LoanConnect

LoanConnect Consolidation Options

Loan marketplace for consolidation

A loan-marketplace route for comparing whether a consolidation loan may fit eligible unsecured debts and current repayment capacity.

See option details

How it may help

Compare a broader lender marketplace
Potential one-payment structure
Useful for rate-and-term comparisons

Features to review

Approval and pricing vary by lender
Not appropriate for every pressure level
Provider criteria and documentation apply

Important consideration

New borrowing only helps when it lowers pressure and does not create a longer, more expensive cycle

Best suited forCanadians comparing loan-based consolidation while payments remain reasonably manageable

Cost and payment focusCompare annual rate, fees, term and total cost

Credit impactA credit application or inquiry may apply

Suitable whenManageable debt with enough income for a new repayment obligation

Add to compareCompare Loan Options

Payoff Plan

Structured Debt Payoff Plan

Educational payoff planning

An educational planning path for organizing balances, choosing a payoff order and seeing how extra payments may change the timeline.

See option details

How it may help

Create a clearer repayment order
Compare snowball and avalanche concepts
Use the payoff calculator on this page

Features to review

Educational, not a negotiated program
Requires realistic monthly cash flow
Does not change creditor terms

Important consideration

A payoff plan requires consistent payments and may not be enough when accounts are already seriously delinquent

Best suited forPeople who can still make payments and want a disciplined repayment order

Cost and payment focusNo provider fee for using the MoneyMatch planning guide

Credit impactNo credit inquiry from reviewing the guide

Suitable whenManageable balances and a stable monthly payment amount

Educational resourceOpen Payoff Guide

Support Guide

Credit Counselling and Licensed Professional Guide

Professional-help education

A Canadian education path explaining when nonprofit credit counselling or a licensed insolvency professional may be appropriate.

See option details

How it may help

Understand major professional-help routes
Prepare questions before a consultation
Review possible credit and legal effects

Features to review

Educational starting point
Professional advice may be needed
Formal solutions have different consequences

Important consideration

For serious debt, confirm credentials and understand legal and credit consequences before proceeding

Best suited forPeople deciding whether counselling, a proposal or another formal option needs professional review

Cost and payment focusConsultation and program costs vary

Credit impactDifferent formal options can affect credit differently

Suitable whenMissed payments, collections or inability to maintain minimum payments

Educational resourceReview Professional Help

Build Credit

Build Credit After Debt Pressure

Credit-rebuilding preparation

A preparation path for Canadians who want to rebuild credit habits after debt pressure is under better control.

See option details

How it may help

Explore secured and credit-building tools
Review utilization and payment habits
Create a longer-term recovery path

Features to review

Best after immediate debt pressure is addressed
Product fees and terms vary
Results depend on consistent behaviour

Important consideration

Credit improvement takes time and no tool can guarantee a score increase

Best suited forCanadians who need to stabilize payments and rebuild healthier credit habits over time

Cost and payment focusCosts depend on the selected credit-building product

Credit impactDesigned around longer-term credit improvement

Suitable whenRebuilding credit after missed payments or debt resolution

Educational resourceExplore Build Credit

Important: Debt consolidation, counselling, consumer proposals and insolvency-related options are not interchangeable. For serious debt pressure, review credentials, fees, legal consequences and credit impact before agreeing to any program.

Side-by-side comparison

Compare your selected debt-help paths

Review the path type, cost and payment focus, credit implications, suitability and important limitations together.

Option	Path	Best for	Cost and payment focus	Credit impact	Suitable when	Consider	Continue

Debt payoff tool

Estimate how an extra payment may change your payoff timeline

Enter an estimated total balance, average annual rate and monthly payment. This educational estimate assumes one blended balance and a fixed rate. It does not model late fees, changing rates, negotiated settlements or formal debt programs.

Total debt balance ($)Average annual interest rate (%)Current monthly payment ($)Extra monthly payment ($)

Estimated payoff time—

Estimated total interest—

Estimated months saved—

Planning note: This is a simplified estimate. Contact creditors or a qualified professional for exact payoff figures and formal debt-help advice.

Estimated payoff timeline—Adjust the inputs to compare your current payment with an extra-payment scenario.

Monthly payment used—

Estimated interest—

When the payment is too low to cover monthly interest, the balance may not decline. Increasing the payment or reviewing professional help may be necessary.

Understand your options

How to compare debt-help options responsibly

The lowest monthly payment is not always the lowest-cost or lowest-risk option. Compare total cost, repayment length, fees, creditor treatment and credit impact together.

Consolidation is not automatically cheaper

A new loan can simplify payments, but a longer term or higher rate may increase total cost.

Missed payments change the decision

When accounts are already delinquent, support-focused or professional routes may be more realistic than standard borrowing.

Understand credit and legal effects

Counselling, settlements, proposals and insolvency-related options can affect credit and legal rights differently.

Protect essential expenses first

Housing, food, utilities, medication and transportation should remain part of any realistic repayment plan.

Guides and education

Understand the path before you continue

Use these Canadian guides to compare consolidation, payoff planning, professional help and possible credit effects.

Debt consolidation in Canada

Understand rates, terms, fees and total-cost trade-offs.

Read guide

Debt payoff planning

Compare repayment order, extra payments and realistic timelines.

Open payoff guide

Professional debt-help options

Review counselling, proposals and when licensed guidance may matter.

Read debt-help guide

How MoneyMatch ranks options

Debt-help comparison methodology

MoneyMatch organizes options using your payment pressure, debt type, credit profile and preferred outcome. We separate provider paths from educational planning tools and give greater weight to support-focused routes when payments have already been missed.

Payment-pressure fit

We distinguish manageable balances, tight budgets and missed-payment situations because each can require a different starting point.

Total cost and payment impact

We consider fees, interest, repayment length, monthly affordability and whether an option genuinely reduces pressure.

Suitability and credit impact

We consider whether consolidation, structured payoff planning, credit rebuilding or professional support is more appropriate.

Written by MoneyMatch Canada · Fact-checked for Canadian consumers · Last reviewed July 2026

MoneyMatch may earn compensation from some provider links. Compensation does not guarantee placement, approval, reduced payments, creditor acceptance or a particular outcome. Review current provider terms and consider qualified professional advice for serious debt situations.

Other financial goals

Explore related MoneyMatch categories

Debt pressure can connect to cash flow, credit rebuilding, banking and vehicle payments. Continue with the category that best matches your next goal.

Cash options

Compare borrowing and cash-flow paths when new debt will not worsen the situation.

Explore cash options

Build credit

Explore credit-building tools after immediate payment pressure is stabilized.

Explore build credit

Credit cards

Compare secured and starter-card paths for a later stage of rebuilding.

Explore credit cards

Bank accounts

Compare lower-fee banking and savings paths that may support budgeting.

Explore bank accounts

Car loans

Review refinancing and affordability paths when vehicle payments are part of the pressure.

Explore car financing

Investments

Explore investing only after high-cost debt and emergency needs are under control.

Explore investments

Frequently asked questions

Questions about debt help in Canada

Important information to understand before continuing with a provider or professional.

Does answering the matcher affect my credit score?

No. The MoneyMatch questionnaire does not submit an application or create a credit inquiry.

Is debt consolidation always a good idea?

No. It may simplify payments, but you should compare the annual rate, fees, term, total cost and whether the new payment is sustainable.

What should I do if I have already missed payments?

Support-focused options may be more appropriate than new borrowing. Consider speaking with creditors or a qualified Canadian debt professional.

Will debt relief hurt my credit?

Different options can affect credit differently. Missed payments, settlements, proposals and insolvency-related solutions can all have distinct consequences.

Does a MoneyMatch recommendation guarantee lower payments?

No. Providers and professionals determine eligibility, fees, terms and final outcomes.

How does MoneyMatch make money?

MoneyMatch may receive compensation from some provider links at no extra cost to you.