Climbing out of debt
Posted Nov 30, 2010 02:39:14 PM.
This article is more than 5 years old.
The amount Canadians owe continues to increase, but the rate we are piling on debt is slowing down.
Credit agency TransUnion says overall debt, excluding mortgages, was up 4.3 per cent in the third quarter compared to a year ago.
Quebec posted the largest increase at 6.6 per cent, while Manitoba had the lowest increase at 2.6 per cent.
TransUnion also says that despite high debt loads, delinquency rates and past due balances have dropped across the country.
570 News hit the streets to see how you are handling your debt.
One man told his he sets a budget so he doesn’t have to worry about it.
Another woman tells us she is paying of her higher interest credit cards first.
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