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Tag: Debt Relief Canada

Debt Relief Canada – Consumer debt delinquency falls to pre-recession levels

December 14, 2012

    TORONTO – Equifax Canada says delinquencies on consumer debt fell to pre-recession levels during the summer – even though the amount of money owed continued to rise. The credit-monitoring firm says only 1.22 per cent of debts were unpaid after 90 days or more in the July-September quarter. That’s down sharply from 1.37 per […]

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Debt Relief Canada – The pros and cons of layaway plans

November 22, 2012

A few years ago, my boyfriend was looking for a used bicycle. After months of searching, he finally found   one. However, it was just a little out of his price range. He didn’t think he could find a similar one with all the features he was looking for, so he asked the shop if they would […]

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Debt Relief Canada – Warning Signs of Debt

November 13, 2012

There are a number of warning signs that tell you when you are too far in debt and need to make changes in order to avoid bankruptcy. You are too far in debt if you: -Frequently pay bills after their due date; -Regularly bounce cheques; -Use an advance from one credit card to pay the […]

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Debt Relief Canada – The borrowing binge: Consumer debt hits eight-year high

November 6, 2012

Despite repeated warnings, Canadians have returned to their borrowing ways, pushing consumer debt levels to a new record high. A report released Thursday by TransUnion shows that the average Canadian’s non-mortgage debt reached $26,221 in the second quarter of 2012, up $192 from the previous quarter. The $26,221 amount is the highest per person debt […]

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Debt Relief Canada – Debt-ridden family rises to the ‘100 Thing Challenge’

October 30, 2012

Economists and politicians have scolded Canadians for the past few years about their personal debt levels, but the fact that they continue to rise suggests many lack the will to change spending habits. Montreal resident Jenni Glad-Timmons, however, decided to do something to end her family’s vicious spending cycle. ‘A few summers ago, we purged […]

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Debt Relief Canada – Hard-pressed homeowners just close their eyes and borrow some more

October 26, 2012

Canadians will learn an ugly lesson if they keep piling on debt the way they are at the moment. The Bank of Montreal report that came out Monday and noted that almost three-quarters of homeowners would feel a significant squeeze from even a small rise in interest rates shows just how close Canadians are to […]

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