Blogs

Understanding the Average Debt-to-Income Ratio in Canada: What You Need to Know

The average debt-to-income ratio in Canada stands at approximately 173% as of 2023, highlighting the precarious financial situation faced by many Canadian...

Unlock Your Financial Freedom: Get a Consolidation Loan Without Collateral!

In today’s fast-paced financial landscape, many Canadians are seeking effective solutions to manage their debt. If you find yourself asking, ‘Can I...

Uncovering the Truth: Percentage of Canadians Living Paycheck to Paycheck Revealed

As of 2023, approximately 41% of Canadians are living paycheck to paycheck, highlighting a significant financial strain affecting many households across the...

Understanding the Student Loan Debt Total in Canada: Insights and Projections for 2025

As of 2023, the total student loan debt in Canada is estimated to reach approximately CAD 23 billion, affecting around 1.8 million...

Understanding the Average Debt Load by Age Group in Canada: Key Insights and Trends

As of 2023, the average debt load among Canadians stands at approximately $72,000 per household, with significant variations when broken down by...

Understanding the Impact of Loans on Your Credit Score: What You Need to Know

Understanding how loans affect your credit score is essential for everyone, especially for Canadians navigating the complexities of debt management. Your credit...

Exploring the Trends: Bankruptcy Rate in Canada Analyzed Year by Year

As of 2022, Canada faced a bankruptcy rate of approximately2.5% among its population, with this rate showing fluctuations influenced by economic conditions...

Understanding the Surge: Number of Insolvency Filings in Canada for 2024

As of 2024, the number of insolvency filings in Canada is projected to reach approximately 150,000, marking a significant increase from previous...

Understanding Canada’s Credit Card Delinquency Rate: Trends and Insights

In 2023, Canada’s credit card delinquency rate reached approximately3.2%, indicating a rise from previous years as more consumers struggle to meet their...