Talk to a banker for more information on your particular situation. Reference Error:(18.a7e0d4d9.1503789437.6818880) If you feel you have received this message incorrectly, please send us an email or...Based on the details you’ve entered, it appears that you’ll be debt free sooner with your current payment plan.But, if you are looking to have one convenient payment each month or to improve your monthly cash flow while still working toward being debt free, an RBC credit specialist can help. Based on the details you’ve entered, it appears that you’ll be debt free sooner with your current payment plan.It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).Instructions: On your credit card disclosure statement the credit card company will tell you that "your minimum payment will be 2% of the balance or , whichever is higher" (example).When assessing how much time you have before your cash reserves run out, assume you’ll have no income for the first few weeks.
Call ACCC today at 800-769-3571 to speak with a certified credit advisor about your current financial situation and possible debt solutions based on your personal situation and financial goals.But, if you are looking to have one convenient payment each month or to improve your monthly cash flow while still working toward being debt free, an RBC credit specialist can help. The current payment amount is based on the total monthly payment amount for all debts at the time of calculation, which could include interest-only payments for credit cards and lines of credit balances, and assumes that the debt is repaid in equal monthly installments for the specified comparison period, and depending on how much is paid toward the principal, could potentially have a balance at the end of the comparison period (may not be paid off in full).Personal lending products offered by Royal Bank of Canada and are subject to credit approval.This will help you get more control over your finances.As you are working through getting your finances under control, all the people you speak to – financial counsellors, advisers, banks, creditors and agencies – will need to know details about your income and expenses so they can help.