Month: December 2013

Despite warnings to curb their borrowing, an outlook released this past week says Canadians will take on record levels of consumer debt in 2014, in part to buy cars. The average Canadian’s non-mortgage debt is slated to jump to a new high of $28,853 by the end of 2014, up more than a $1,000 from…

According to a recent survey commissioned by TransUnion, more than half (64.6 percent) of Canadians surveyed say they have gone into this holiday shopping season having not saved money for it, which will likely lead to starting 2014 with a major debt hangover and potentially harming their credit health. As a collection agency with offices…