[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 Happens To My Tax Refund During A Debt Relief Program?
Tax season is just around the corner; what to do if you are planning to take on a debt consolidation program. Below are the things you need to know if you are planning to file a debt relief program to get rid of debt but are worried about your Tax Refund.
Warning Signs That You Have A Debt Problem
Learning and accepting you have a debt problem is the first step towards solving your debt problems. Below are warning signs that you should check out to know if you are experiencing problems with your debts and what options are there to solve them.
How To Stop Credit Card Debt In Canada In 2-3 Days
Back in March, the credit rating agency Equifax Canada found that non-mortgage debt (credit cards, loans, lines of credit) amounted to $23,800 at the end of 2019.
Top 3 Reasons Why You Should Get A Debt Consolidation Plan
Debt Consolidation is a government-approved program of consolidating your debts into a single monthly payment. National Debt Relief Services is Canada’s trusted debt relief agency that can help create a personalized debt relief program for you based on your current financial situation.
