Canadians are carrying a lot of debt – record-breaking amounts, to be exact. In December 2014, credit bureau Equifax reported that we owe a combined $1.513 trillion in debt. Without counting mortgages, the average Canadian still owes nearly $21,000. Auto loans and installment loans are driving factors.
It’s a mind-boggling amount, and the idea of paying down that much debt can be intimidating, discouraging, or even depressing. There are a number of do-it-yourself options for getting out of debt, but the process can be overwhelming.
If your mountain of debt seems impossible to traverse, don’t worry, help is available. Call 1-888-638-8571 to speak to a trained credit counsellor today. They will ask for information about your unique financial situation, and offer you tailored, expert advice, free of charge. You can also start the process by filling out a Free Debt Analysis, and a counsellor will get in touch with you.
In the meantime, check out our infographic below to get an understanding of how Consolidated Credit can get you conquer the debt mountain with ease.