In a recent article in the Globe and Mail from February 2014, it was reported the consumer debt in Canada, excluding mortgages, has increased 4.2 percent from $497.4 billion last year to $518.3 billion in 2013. Although the article states that despite the increase in debt, patterns are showing that Canadians are handling their debt loads well by making their monthly payments. Although this is the pattern observed by Equifax, there are still many Canadians who are in debt and struggling to get out.
If the amount of debt you owe is more than you feel you can handle on your own, then I would recommend contacting our office to review your situation with one of our licensed trustees in bankruptcy.
We’re here to help you get a fresh financial start!
