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Higher interest rates pushing more Canadians to seek debt relief as business booms for insolvency trustees

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Record debt burdens, rising borrowing costs and, in some cases, bigger payday loans are driving many Canadians to insolvency

 

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Without debt spending our economy would have collapsed 100x worse than in the Great Depression more than a decade ago. Lower wages and less spending power has it's negatives. Thank conservatives who want lower min. wages and more tax cuts for the rich. And, here we are.

As a nation we're far too indebted as it is. I hope more people begin the process of paying off their consumer debt. Being debt-free gives you so many more options in life

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