Credit Canada Announces That Those in Debt Now Have Options

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Not-for-profit organization is committed to helping Canadians climb out of debt.

Credit Canada, the trusted source of debt management coaching and debt solutions was founded to help Canadians learn how to manage their money in order to get out of debt. That’s right, along with consolidation loans, consumer proposals, and bankruptcy, Credit Canada teaches their clients how to properly manage their money and credit.

According to a 2012 survey, about 72% of Canadians have some sort of debt. That’s almost 3 out of every 4 people in a room! Additionally, the age groups that are most likely to have debt are young adults ages 25-34 years old and 35-44 year olds. This is not surprising as the transition from youth to adulthood is often marked by their first major purchases such as a car or a house, all while paying off student loans, getting married and starting a family.

With so many big purchases all at once, it’s no wonder that the age group 25-44 is so debt-ridden! All too easily, financial obligations can spiral out of control, especially in the event of a few missed payments, an emergency or job loss. Suddenly, the young adult who was just treading water now finds themselves drowning in debt, about to lose it all.

About Credit Canada
Credit Canada helps people deal with immediate debt problems, as well as offering longer-term debt and credit solutions. Equipping people with the skills they need to manage their finances intelligently over time, Credit Canada’s aim is to provide Canadians with debt and credit education that will last a lifetime. Credit Canada is a member of the Canadian Association of Credit Counselling Services (CACCS), the national voice for not-for-profit credit counselling in Canada.

For more information or media relations, contact info(at)creditcanada.com, (416) 228-2526 or visit http://www.creditcanada.com.

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