Debt reaching toward record levels in Canada

The latest report from Equifax Canada is showing major debt increases for Canadian residents. In fact, with an average debt of $21,000, that is close to a record level, while credit card use is also increasing greatly. There is a 6.4% increase in credit from the first quarter of this year to the second quarter. Consumers are struggling to pay their debts. At MJR, our agents are trained to help you resolve your debts by offering workable solutions and sourcing options. We’re here to help!