Do As We Say, Not As We Do

As the financial intelligentsia at the Bank of Canada lose their minds and admonish the public ad nauseum with Canadian consumers debt levels surpassing the $2 trillion dollar mark, 2 blocks east down Wellington street, our myopic legislators continue to…

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Crippling Debt and the Link to Depression

As a collection agency with offices in Edmonton, Calgary and the GTA we recognize that the vast majority of consumers we inevitably end up dealing with are good people, with good intentions that have now simply arrived at the tipping…

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Debt Mountain

Household debt in Canada is now bordering on excessive, catalyzed by low rates setting off a boom of borrowing over the last decade. Canadians now collectively owe C$2.16 trillion, which as a share of GDP is the highest debt load…

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HELOC’s: Where ignorance is apparently bliss

As a collection agency with offices in Edmonton, Calgary and the GTA we have recognized that over the last 15 years home equity lines of credit have emerged as the driver of mounting non-mortgage debt in Canada — yet many…

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The Worm is turning in the Canadian credit market

As a collection agency with offices in Edmonton, Calgary and the GTA we were alerted yesterday when Equifax Canada reported that consumer delinquencies climbed higher in the fourth quarter of 2018 and the credit monitoring company warns that rising delinquency…

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