[Recent Polls] Canadians Tend to Borrow More Money & Spend on Credit Cards
In Alberta, non-mortgage debt is at extraordinarily high levels due to consumer dependence on credit cards, which is expanding, according to credit reporting agency Equifax Canada.
Recession And A Financial Crisis in Canada – 2023 Update
Financial conditions are becoming more restrictive as Canada’s economy is contracting at an abnormally rapid rate.
[Due to the Pandemic] Canadians Are Wealthier, but also More in Debt
In Q4 2021, household net worth hit a record $15.9 trillion, a startling $3.6 trillion more than pre-pandemic (2019/Q4) levels, according to a new report by RBC Economics.
A Reduction of 185% is Recorded In The Debt-To-Disposable-Income Ratio
There has been a reduction in debt levels in the first quarter of this year in comparison with the fourth quarter of last year, according to Statistics Canada.
Canada Debt Assistance Program – What You Need To Know
If you are in a challenging disposition financially, it is beneficial to look to legitimate options that will help you improve your situation.
Debt Relief Ontario: Managing Out-of-Control Debts
According to Equifax the “Total consumer debt has climbed to $2.32 Trillion, an increase of 8.2 percent in Q2 2022 compared to last year according to Equifax Canada’s most recent Market Pulse consumer credit trends and insights report.” This update is very vital in understanding the current financial situation of every Canadian.
If you are in a situation where debt is getting out of control, here is a guide for you. Debt relief in Ontario is still manageable with the right knowledge and strategy.
Types of Unsecured Debt in Canada – 2023 Update
You are at the point in life where you are aware of what debt is, and to counter this, you may have taken out loans or two to pay utility bills as well as other expenses you have incurred.
Finding the Right Debt Consolidation Companies in Canada
The government of Canada has outlined debt relief tips, one of which is finding a trusted debt consolidation company. In addition, the Financial Consumer Agency of Canada has issued a warning to the public about companies that claim to be able to help people pay off debt or rehabilitate their credit but are actually deceiving them.
What is Second Mortgage in Ontario and What Do You Need To Know?
Some homeowners are in debt and would sometimes run out of options on how to pay for these debts. The great news actually is – using one of our home equity products can save their home, relieve themselves from the unending stress of debt management and ultimately eliminate debt altogether.
Types of 2nd Mortgages in Ontario
What would you need a 2nd mortgage for? A 2nd mortgage in is a type of secured loan where your property serves as the security for the loan.
