Most Recent 'Insolvency Blog' Posts

Are you getting hounded day and night by debt collectors, even though you’re trying your hardest to pay back your creditors? If so, you may be looking for any and every way to get the debt collectors to stop harassing you. Below are several methods that can help you stop these anxiety-inducing tactics. Read on […]

Credit card debt is a big problem for Canadians, in general. In fact, as of 2020, Canadians carried about $80,000,000,000 in credit card debt. With so many people struggling to pay their bills, it’s not surprising that living in overdraft is becoming more common. Overdraft occurs when your bank allows you to spend more money […]

Debt levels are now at a record high, but it looks like things are going to be looking up for Canadians. Credit ratings do vary on average but when you study the data, you will soon see that the majority of Canadians are now able to manage their debt very well. 71% of Canadians have […]

Canada’s national debt statistics are, to be frank, quite shocking. Believe it or not, the average Canadian household is paying off almost $21,000 in non-mortgage debt. What’s more, almost 15% of their household income is spent on repaying those debts. Nearly half of which (7.1%) is wasted on paying interest to creditors. How did we […]

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