Minimum Monthly Payments

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What Are Your Minimum Monthly Payments Costing You?

The Financial Consumer Agency of Canada has a great assortment of interactive tools to help you in your quest to be debt free. One of our favourites is the Credit Card Payment Calculator Tool.

This easy informative tool will show you what only making minimum monthly credit card payments will cost you in terms of interest and time. By comparing the effects of other types of payment options, this great tool will enable you to quickly decide how best to pay down your credit cards.

In addition to paying down credit cards effectively, this handy tool also contains information on other ways to cut your credit card costs. With informative links to articles on better understanding how credit cards work and how to select the credit card that is best for you – this a great source for educating yourself on the wise use of credit.

Some of the other interactive tools at this great site include:

  • A Budget Calculator that will help you determine if you have a realistic budget. Warning – this is one serious review of your budget, so be prepared!
  • Two great banking tools – the Banking Package Selector Tool – and the Savings Account Selector Tool, help you find the banking firms that offer the chequing and savings accounts that meet your needs.
  • The Credit Card Selector – will help you to find the credit cards that will meet your needs. We love this tool – it is a great way to better understand credit cards and identify those services you are not willing to pay for.
  • Two Mortgage Tools – one that helps you find the type of mortgage that is right for you – and one that helps you find out if you qualify for a mortgage.

Part of being smart with your money is taking advantage of great (and in this case – Free) opportunities to learn as much as you can about managing your finances.

Take a few moments and look over the Consumer section of the Financial Consumer Agency of Canada website – we know you will be glad you did!

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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Very knowledgeable, helpful and fast service
Anthony Mcfeat
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I am so delighted to have found this company. They are the best. Everyone in the office is very nice never to busy to assist you. Thank you David Sklar and Shirley and associates for being you. 😊🌺😊
Deborah
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Trina was amazing and quick. No judgement was made and they all made me feel I made the right decision. Would highly recommend them
Crystal Minaker
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Trina was very easy to work with. Any questions I had were answered promptly. What seemed like a complicated process was explained in a clear manner that wasn't at all intimidating. It made for a more comfortable experience during a turbulent time.
Eldon Aubie
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Jackie is very professional...I would recommend David Sklar to anybody especially knowing how understanding they are.
Kimberley Lyder-Niles
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I had Shirley and Kim take care of my finances. From the very first moment I spoke with Shirley I could sense how caring, professional and patient she was. She was also very understanding with my lack of financial knowledge and never made me feel dumb as some other companies have.Her and Kim were always very quick to respond to emails, always available if I called and answered my abundance of questions in such detail that I now believe I have a thorough understanding of how finances work. I am hopeful about my fresh financial start and very grateful I had the privilege of meeting and working with these two beautiful women.I also spoke briefly with Richard over zoom and he to was extremely friendly, patient and made sure I was well taken care of.I could not recommend David Sklar and Associates more. Thank you again.
Shayleen Muzi
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Good professional team! Jennifer is the best, helped me through everything and answered all my questions. Made the process easy! Would recommend Jennifer and the team at David Skylar.
gary round
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Christine and her team are amazing and professionals. I called for help and she responded right away to help me.thank you and I really appreciated for everything you do.
Marcelina Sunas
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Thank you so much for the helpYou took away the most stressful things in our lives which was our dept you guys are amazing and would recommend you to everyone
Kaitlyne Sunas
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The staff here are fantastic (Cori handled my visit) and are willing to go above and beyond to help people who need help, I recommend them 100% for people who are looking to move on in good standing.
Vito De
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