Often the most affordable option with minimal impact on your credit is a consumer proposal.
Why? It will stop all collection action and allow you and your creditors to settle on an amount to pay back.
You can use our Debt Options Calculator to review your repayment options and estimate monthly payments to repay your debt over a 5-year period.
Note: If you have less than $5,000 in debt, your best option is probably to dig your way out of debt on your own, which is possible with some budgeting assistance and credit counselling.