You owe more than your bank balance, or your mortgage payment, or even your car payments, but you can avoid bankruptcy.
It’s a simple matter of taking out a debt consolidation loan.
That’s what the Canadian government says it’s doing in the name of fairness.
But the government has done little to explain what it’s actually doing.
The new government has set a deadline of Jan. 14, 2021, and the Liberals have promised to keep paying it forward, but that hasn’t stopped some Canadians from getting caught in a spiral of debt.
The debt calculator You’ve got $1,000 in debt.
You can only borrow $1 for a year.
You owe $2,000.
You have a $3,000 mortgage.
You need to repay $3.
Thats $2.5,000, and you owe $3 for a month.
That puts you at $2 a month and the calculator says it would take $4,000 to pay it off.
If you borrowed the money to pay for a vacation or a holiday and it goes bad and you’re unable to get out, you owe another $4.
If that same vacation or holiday is cancelled, you’ll owe another bill.
The calculator says the amount of debt you can get rid of would cost $20,000 or more.
So how much would you have to pay if you had no other options?
To find out, we turned to debt expert Andrew Koehn, of the law firm Koehne & Associates, who has been tracking the trend.
We contacted the Canadian Centre for Policy Alternatives, a government think-tank.
We asked if there was any way to calculate your debt at home.
They replied: There is no simple way to determine the amount you owe.
But we can do it.
The Canadian Centre’s numbers are based on information that the Canadian Bankers Association (CBA) provides to banks.
We then asked the CBA if it could tell us how much it estimates you owe and how much debt consolidation is likely to be costing in the future.
The CBA said there is no way to tell.
The next step is for the government to update the calculator, which has been updated every year since 2009.
And we’ll update this post when that happens.
Read more on the debt calculator How much do you owe?
Read more about the debt-cramming program Here’s what you need to know about debt consolidation loans.
The Consumer Price Index is the official government measure of inflation.
The index tracks consumer prices in all regions and includes food and clothing, electricity, gas, health care and transport.
It also includes goods and services from clothing and electronics to housing and food.
The CPI is based on all prices except fuel.
The national debt calculator is a good place to start.
You get a loan with interest at 0% if you’re making less than $60,000 a year, which is the amount in the calculator.
The interest is compounded quarterly, but if you’ve had more than five years to repay the loan you could be charged interest for every month until you get paid.
So if you owe about $40,000 at the time you apply, you’d owe $45,000 every month, or $5,500 for five years.
Then you would pay off the loan at a rate of 4.4%.
For the next five years, you would repay the whole amount at a 6.2% interest rate.
If it’s $100,000 over the next 10 years, the interest would be compounded at 4.8%.
That means you would have to repay a total of $200,000 by the end of the first five years and another $300,000 for each of the next two.
The rate of interest also increases as your debt-to-income ratio increases.
You could end up owing more than $600,000 annually, which would be $3 million over 10 years.
And if you get married, your interest rate would go up by another 3.5%.
It’s important to understand that debt consolidation means that you’re no longer paying interest on the loan.
Rather, the government pays interest to the lender when you apply for the loan and it’s your money that’s being borrowed.
The amount you’re paying in interest is calculated on a sliding scale.
The first six months you have the loan will be interest free, but the interest will ramp up over time to 6.9% for the next six months.
The government pays an extra 0.2%, so if you are making less $60 a year the interest rate will be 0.1%.
After a year you’ll pay an extra 3.9%.
If you are a couple, you will pay an additional 2.9%, and if you have children, you can pay an average of 3.2%.
So you’ll have to do your homework before you apply.
The federal government’s website explains how it calculates the