Paying Down Debt

Managing debt, credit cards, mortgages, loans, lines of credit, credit reports and more.

The Financial Consumer Agency of Canada (FCAC) ensures federally regulated financial entities comply with consumer protection measures, promotes financial education and raises consumers’ awareness of their rights and responsibilities.

Service and Information for you:

Debt and borrowing

Information on managing debt, credit reports, mortgages, credit cards, loans, lines of credit and more.

Mortgage Calculator                       

Calculate your mortgage payment schedule and how to save money by making prepayments.

Mortgage Qualifier Tool                 

Find out if you can qualify for a mortgage based on the property you want, your income and your expenses.

Credit Card Comparison Tool

Compare credit card interest rates, annual fees, rewards and other features.

Credit Card Payment Calculator  

Find out how long it will take to pay off your credit card and explore options to pay it back faster.

Vehicle Lease or Buy Calculator

Use this calculator to compare the costs to finance, lease or lease/buyout a vehicle over time.

Protecting yourself if interest rates rise

How your loan payments may increase if interest rates rise.