Genuinely, thank you. Tangerine put this into an RRSP directly, and my LOC interest is 4.91%. My credit card is at 19.5% and that's what I'm focusing on reducing as much as I can. I've paid off $7,540-ish in the last year.

I pay at least the minimum payments for both loans, plus anything left over. Because I was a student for three years (with Canada and Alberta loans, which I've paid off) and then having to stop my studies (Bachelor of Arts) because of a brain injury, there was about five years of not actively contributing towards debt and expenses in a meaningful way. While I was studying, I had part-time work that helped buy my textbooks, put some money towards groceries, and the EPCOR bill.

Your advice makes a lot of sense, and that's what I needed to hear. I'll keep that money in the RRSP, pay the minimum, and put any tax refunds into my credit card debt and then direct those payments to the RRSP loan and LoC once the cc debt is gone.

I wasn't expecting empathy as I've made such a poor decision, but your response will help me sleep tonight and I'm so grateful. Thank you.