Consumer non-mortgage debt rises 3.3% in 2nd quarter ...

Equifax Canada says non-mortgage consumer debt climbed 3.3 per cent year-over-year in the second quarter and warns that consumers' ability to keep up with their debt payments could be affected as interest rates and borrowing costs rise.

The credit monitoring firm's report comes out a day before the Bank of Canada announces its first interest rate decision since hiking its key lending rate by one-quarter of a point to...

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Website: http://www.cbc.ca

Related topics : average consumer debt per person in canada / average consumer debt per person / consumer debt help

Economy of Canada - Wikipedia

Canada and the United States share a common trading relationship. Canada's job market continues to perform well along with the US, reaching a 30-year low in the unemployment rate in December 2006, following 14 consecutive years of employment growth. [81]

Flags of Canada and the United States

The United States is by far Canada's largest trading partner, with more than $1.7 billion CAD in trade per...

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Date: 2018-03-18 20:53:13
Website: https://en.wikipedia.org

Debt Relief Program by Canadian Government

Bankruptcy

Do nothing

This last option of doing nothing may only make sense if you have no assets (house, car, etc.) and no income from employment. If this is the case, there is nothing for your creditors to go after to help pay down your debts, so you could decide to wait it out..

However, doing nothing does not eliminate your debts and also leaves open the possibility that your creditors will...

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Date: 2018-03-22 21:27:21
Website: http://www.afarber.com

Bad Credit Personal Loans in Canada - Life on Credit

Getting a Bad Credit Personal Loan in Canada with No Credit Check

Online lending services and payday lenders offer loans for people with bad credit with no credit check. Some finance companies don't run a credit check but require regular and stable income and look at the customer's individual circumstances. Another option is to apply for a home equity or secured auto loan whereby your home equity...

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Website: https://www.lifeoncredit.ca

Eliminate Credit Card Debt | Debt Reduction Strategies

Home » Debt Relief » Eliminate Credit Card Debt

How To Get Out of Debt

In recent years, credit card debt has ballooned in Canada. In our practice, 93% of all our clients owe some form of money on credit cards, and the average outstanding balance is more than $25,000.

It is possible to pay off credit card debt on your own. The question is, can you?

Paying only the minimum balance, or interest...

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Website: https://www.hoyes.com

8 Debt Consolidation Options in Canada | My Money Coach

How to Get Good Debt Consolidation Advice for Free

1. Consolidate using a Debt Consolidation Loan

A debt consolidation loan is where a bank, credit union or finance company provides you with the money to pay off your outstanding debts and "consolidate" them (bring them all together) into one big loan. This usually provides you with three advantages:

Advantages of a Debt Consolidation Loan

You...

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Website: https://www.mymoneycoach.ca

Credit history - Wikipedia

10 Further reading

Credit history usage[ edit ]

There has been much discussion over the accuracy of the data in consumer reports. In general, industry participants maintain that the data in credit reports is very accurate. [3] [4] The credit bureaus point to their own study of 52 million credit reports to highlight that the data in reports is very accurate. The Consumer Data Industry Association...

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Date: 2018-03-20 11:47:53
Website: https://en.wikipedia.org