Minimum Monthly Payments

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 and live in the Toronto area, call us at 416-498-9200 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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The best decision I've made was to contact David Sklar & Associates, they are experts in this matters and also have dedicated Licensed Counsellors that provide the best customer support, like Rhoda Lewis, who I highly recommend. She worked tirelessly on my case, explaining ever detail to me willingly. She demonstrates a true interest in her clients. I appreciate how she patiently walked me through what to do, step by step. I now have control over my finances, as a result my life is much more peaceful and I can focus on what matters. Thank you!
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Rhoda is a wonderful person, She help me and guided me throughout the process. I couldn’t do it without her support and expertise. Now I can start fresh and full of hope of a better life ahead of me.
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21:33 06 Jun 22
The service I recieved from David Sklar and Associates was great. I was able to meet with Christin Sylver. She is kind, understanding and, professional. She was able to answer all the quesions that I had regarding my debt. At the end of our meetings, I felt that there is a heavy burden lifted from my shoulders. I recommend Chistine to anyone who is looking into debt relief.
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12:11 04 Jun 22
Jerry is a very patient person, he answered all my questions and made this experience so smooth and easy for me. I was not sure what to expect but dealing with him made me feel so much better. He sure knows what he is doing and how to put people at ease for sure (should have done this long ago). I recommend him to anyone I am so glad I had him on my side and now to do my part. Thanks Jerry ur greatPattie
Patty Murphy
21:34 18 May 22
Rhoda Lewis helped me achieve a fresh start two and half years ago! She was very professional with a very warm, caring personality! I emailed her today with a question and she responded quickly. She's great at her chosen profession!!
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01:24 11 May 22
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21:05 10 May 22
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Hubert Z
03:08 10 May 22
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prettylush 13
02:42 10 May 22
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