Blogs

Exploring Average Personal Debt by Province in Canada: A Comprehensive Overview

In Canada, the average personal debt by province is a crucial metric for understanding consumer financial health. As of 2023, the national...

Understanding the Impact: How Many Canadians Are Missing Bill Payments?

As of 2023, approximately 17% of Canadians have reported missing a bill payment at least once in the past year. This statistic...

Mastering Business Finances: A Comprehensive Guide on How to Consolidate Business Loans

In today’s dynamic economic environment, managing business finances effectively is paramount for sustained growth and success. One of the most pressing challenges...

Understanding the Average Credit Score in Canada: What to Expect in 2025

As of 2023, the average credit score in Canada is approximately 650, a figure that holds significant implications for consumers and lenders...

Unlocking the Secrets of Consumer Proposal Acceptance Rates in Canada

In Canada, the consumer proposal acceptance rate is critically important for individuals looking for debt relief solutions. Currently, approximately 50% of consumer...

Understanding Bad Credit in Canada: What Percent of Canadians Are Affected?

As of 2023, approximately 27% of Canadians are reported to have bad credit, meaning their credit scores fall below the acceptable range...

How Debt Consolidation Loans Can Put an End to Collection Calls

Are relentless collection calls causing you stress and anxiety? If you’re struggling with multiple debts, you might be seeking a solution to...

Understanding the Surge: How Many Canadians Filed for Bankruptcy in 2024?

As of 2024, approximately 140,000 Canadians filed for bankruptcy, reflecting a troubling increase from previous years. This significant surge in bankruptcy filings...

Understanding Total Consumer Debt in Canada: Key Insights for 2025

In 2025, total consumer debt in Canada is projected to reach an astounding $2.4 trillion, highlighting the ongoing financial challenges faced by...