Sometimes debt is caused by external factors

A look at credit and spending among BC residents can give a picture on what’s happening across the country. One of the most telling statistics, as reported by Financial Post, is that “consumers may often be lulled into thinking their debt isn’t ‘too much’, not realizing how easily problem debt gets out of control, or how common life challenges can leave people facing unimaginable financial difficulties and overwhelming stress.”

Only 5% of consumers said they sought professional debt help right away, with majority being stopped by rationale such as:
• Wanting to manage debt on their own (63%).
• Feeling ashamed about not being able to handle debts incurred (51%), feeling embarrassed to ask for help (50%)

MJR’s agents are trained to work with consumers to find workable solutions to repay their debts.