Debt Management Tools

Not all debt situations require professional intervention. These online tools can help you reduce debt by determining your financial health, calculating credit card debt and creating a budget to help you track savings and spending. We also have a financial literacy quiz that can help everyone determine their level of financial knowledge, which can help you manage your finances.

If, after using these tools, you feel that you could benefit from speaking with a debt help professional, you can contact your local BDO office to set up a meeting.

Financial health test

This test helps you determine your level of financial stress and whether you could benefit from professional advice. Take the test

Debt calculator

Use this calculator to find out how many months it will take to pay off your loan or credit card and how much interest you will pay.

Online budget calculator

The Financial Consumer Agency of Canada (FCAC) offers this budget calculator to help you create and maintain a balanced personal budget.

Repayment Options Calculator

When it comes to paying off debt, there are different options you can choose from. These include repaying the debt on your own, using a consolidation loan, following a credit counselling repayment plan, or filing a consumer proposal.

Financial literacy quiz

Having strong financial literacy can help prevent debt problems. Take the quiz to find out how well you understand certain financial concepts.

Looking for more personalized, professional help? Contact a local BDO office to arrange a complimentary, no-obligation consultation today.

Licensed Insolvency Trustees Since 1958