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Debt: How to use it and not abuse it

CBC.ca
How do your debt management habits compare to those suggested in this helpful article from CBC.ca?

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This article from CBC.ca gives some great advice on how to manage your debt. Did you know that the average Canadian owes $20,891 in non-mortgage debt? Click below to read more.

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Did You Know?

1

Many people who file for bankruptcy get to stay in their home.

2

In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.

3

Many people who file for bankruptcy are able to keep their vehicle.

4

Most bankruptcies are NOT published in the newspaper.

5

Student loans can be included in a bankruptcy if they are more than seven (7) years old.

6

A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.

7

In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]