Mounting consumer debt levels in Canada are a cause for alarm. However, many Canadian consumers have managed to stay on top of their debts, the Financial Post reports, with consumer bankruptcies dropping by 1.7 percent. That’s good news. If you’re dealing with debt yourself, read on for tips and advice on how to get yourself…
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Canadians had consumer debt levels of about $1.821 trillion in the fourth quarter of last year, the Global News reports. That figure is an increase from the $1.997 trillion recorded in the third quarter. With debt balances up by 3.3 percent for the average Canadian last year, increasing debt is becoming a concern. If you…
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Survey results conducted by Ipsos revealed that about 85 percent of Canadians struggling with debt are willing to make personal sacrifices to make their debt go away. 21 percent of Canadians are desperate to shed their debt enough that they would be willing to give up the right to vote for debt relief, the BNN…
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If you’re struggling to pay off big amounts of credit card debt, you’re not alone. With rising debt levels and spiking interest rates, consumers may find themselves faced with a huge problem. Check out the following tips to help you move forward in the right direction: Take control of your finances Don’t let your bad…
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Current statistical data has made Canada the poster child for dangerous levels of consumer debt, with the country’s household debt burden reaching record highs, The Globe and Mail report. If you find yourself in the same situation as many Canadians who are struggling with debt, here’s what you can do. Repay your debts Find ways…
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For many families in Canada, household debt has reached an alarming high, with more than 80 per cent of debt in mortgages and home equity credit lines, the Financial Post reports. The rise in debt levels has largely been due to the rise in home prices. If you find yourself in the same boat, here’s…
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About 38 percent of all marriages that took place in 2004 would have ended in divorce by 2035, Statistics Canada reports. That’s about four in every ten marriages that will end in divorce. The result? Those experiencing marital or relationship breakdown will often find themselves out of financial support, with many ending up with debt.…
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If you have a credit card, then you may be one of the millions of people who have found yourself in trouble with it. If this is the case, you may begin to feel overwhelmed when you can’t make the payments. The good news is, debt consultants in Victoria can help you get your credit…
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If you are in debt, it isn’t uncommon to feel as though you are trapped in a cage. You may feel that your ability to go and do things is limited because of all the payments you are having to make. In addition to affecting your mental and emotional health, serious debt that causes worry…
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If you are in a significant amount of debt, you may believe that you are never going to be able to get out of it. Unfortunately, this is something that millions of people around the country experience each day. However, there is help available. The best way to find out what options you have regarding…
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