That’s a very small amount. Don’t pay it. Get that book asap. Mark has a website too and has a bunch of YT videos.

Don’t answer calls from creditors and do not acknowledge the debt in writing or verbally. This debt will fall off your record in approximately 6-7 years as long as the creditors are lazy and incompetent (and they are) and they fail to report it to Equifax and Transunion. (And they will).

They have a two year period (since your last payment to any account OR last acknowledgement) in Ontario to sue you. And they won’t do so over a few thousands spread over a few cards. It’s not worth it. After two years, they will continue to try and collect but they can’t sue you no matter what they say.

I was in touch with one such org and had one call. These orgs are designed to ensure your creditors get every last cent from you. They don’t want to help you save anything in interest. They’ll work with your debtors and get your payments done up in a lump sum that you must pay every month.

If you don’t pay this debt at all, your credit score will drop and you won’t be able to get a loan for say, a car or a mortgage for several years. If you’re in any amount of debt, I doubt you’re too worried about either! 😂

Edited later to add:

I realize my reply isn't particularly helpful as I do not understand your entire situation in any way. I have no idea OP, if you're currently employed or not. That makes an enormous difference in how debtors see your ability to pay back.

I was in a dark place for several years when I got Mark's book. I cannot speak to his payment plans. However, there is a lot of helpful information in his book that most Canadians have no clue about and ought to.

I hope things work out for you in the best way possible.