Consumer debt is rising in Canada. If you're feeling the squeeze, here a some steps you can take to start getting your finances in line.
, from credit card bills to mortgages and loans — recent studies from TransUnion Canada and Equifax have found millions of people dealing with trillions of dollars in debt. As we pass the midway point of 2024, there are things that can be done to try and manage your money.on the Corus Entertainment radio network, told Global News a good way to tackle debt is to “do the basic work.”“Making these real decisions that actually save you money for the meantime,” she said.
Rob Kilner, a licensed insolvency trustee with MSI Spergel, says either is often the “last resort,” when they’ve exhausted all other options to pay off the debt, but he adds it’s not the “end of the world.”“It’s rehabilitative, the process,” he said. “It’s not that dark cloud that hangs over you, so you can come back from it.”
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