The economic crisis profoundly impacts people’s lives in the country and often across the globe when recession remains global. Various factors contribute to bringing recession, and today we are going to unpack the role of two important factors: high cost & tight credit to cause a crisis in the economy of Canada through recession. How […]
When you convince creditors to allow you to pay back less than you owe, it is thanks to your art of debt negotiation. Whether you can do it yourself or get help from an experienced and expert debt negotiation agency in Canada, debt negotiation is a burning issue for Canadians, and today, we are going […]
Canadian students are also facing debt from student loans from Federal and Provincial government agencies and private agencies. Paying student loans is a big challenge, and what helps are available, what alternatives are, how to repay the loans, and what relief strategies are implemented by the government and others, by and large, are vital things […]
It was a proud moment for us when we heard the news that Credit720 is one of the winners of the Top Choice Award in North America for 2023. We did it! And all thanks go to our esteemed customers and our brand lovers who voted for us and blessed us with their favors.
Household debt has been rising in Canada since the recession in 2008. Today, it is next to Australia, the second most among the selected countries. Therefore, only 30% of Canadians live debt-free lives, while 70% of the population suffers from debt-related consequences. Reference Link: https://www.cmhc-schl.gc.ca/blog/2023/risks-canadas-economy-remain-high-household-debt-levels-continue-grow In the previous blogs, we have seen various measures to […]
40% of Canadians believe that financial stress causes various problems in their lives. 48% of Canadians suffer from sleep loss due to financial stress. 36% of Canadians experience mental health issues due to financial concerns. 16% of Canadians have relationship concerns, thanks to money-related problems. However, various financial factors are contributing to financial stress among […]
Some Statistics on Debt Consolidation Loans in Vancouver: According to the Canadian Bankers Association, the Financial Consumer Agency of Canada, and the Better Business Bureau. The average debt consolidation loan in Vancouver is $25,000. The average interest rate on a debt consolidation loan in Vancouver is 6.5%. The average monthly payment on a debt consolidation […]
Statistics on Debt Consolidation Loans in Surrey: According to the data from a variety of lenders in Surrey: The average debt balance for a debt consolidation loan in Surrey is $25,000. The average interest rate for a debt consolidation loan in Surrey is 10%. The average term for a debt consolidation loan in Surrey is […]
Credit cards and quick app-based loans have made taking credit so easily accessible that almost everyone nowadays has some debt. This increasing debt market has also resulted in an increase in failures to pay the debts, resulting in bankruptcies.
Modern-day consumerism has increased the needs of people exponentially over the last decade. With that, the advancement of technology has provided millions of consumers with financial tools like credit cards that have enabled them to spend much more than they can afford.