I'm looking for some opinions because I'm not sure if this is a terrible idea or not. I'm 40, make about $90k a year in Ontario, and have around $83k in my RRSP. I've been contributing consistently for years and currently put in about $1,000/month between my contributions and employer matching. I have been averaging about 14% returns every year on my RRSP's, which I know is quite lucky. I also have about $6,000 in credit card debt across two cards with interest rates around 21% and 30%. Before anyone says "just pay it off aggressively," I've tried. The problem is that every time I make progress, life happens. I've basically been treading water. The other factor is that I think there's a decent chance I'm going to be laid off in the near future. Nothing official, but there are enough signs that I'm preparing for the possibility. If that happens, any severance would be going toward rent, food, and keeping myself afloat while I find another job. I'm considering withdrawing enough from my RRSP to wipe out the credit card debt and then rebuilding the RRSP once I'm employed again. I know RRSP withdrawals are generally considered a bad idea, but so is carrying 30% credit card debt. Just looking for advice, thanks!

I have a couple of medical bills currently in collections, I had a lung collapse when I was between jobs. My medical bills added up together make around $4000. Even though I was actively paying monthly (but not an automated payment), they decided to send me to collections which halted my ability to be able to pay on MyChart. I was told this happen because I didn't use the automated payment method. On top of this I have $2300 in credit card debt out of $8k. Plus a car loan that's currently sitting at $16,250 that I'm doing regular monthly payments on. Collections keeps calling me to collect the debt as if I have everything in total right now, when I don't. I have $300 left over when my monthly bills are done. If everything were one big huge bill, like the personal loan, I could pay that off easily on a monthly basis. But I cannot pay off all of these bills monthly in their separate categories, 3 of them want $200 minimum a month. I want to just get a $10k loan, pay the $7k ish off and return what I don't use. A monthly payment of $160-$300 is much more doable than $600+ I think. So, is this the right move to make, and if so, any suggestions of who to go through? Or if not, what should I do?