Let's talk about debt

Written by: Andrea Jolly

The holiday season is upon us and spending is on the rise. Buying gifts for loved ones, nabbing great
Boxing Day deals, grocery shopping for family dinners. This could equate to a rise in debt and it’s on
many Canadians’ minds. But did you know that according to Manulife Bank’s latest debt survey,
nearly one-third of Canadian debt-holders are embarrassed or don’t know who to talk to about debt
management?

 

Worrisome stats:

  • 71% of Canadians would like to be more confident about their financial decisions
  • Just 17% believe their bank makes their interests a priority
  • 46% of respondents said they simply don’t know how their bank could help
  • 75% believe financial literacy is key to avoiding financial issues and that having access to financial counseling is beneficial

TheRedPin Mortgage Brokerage is committed to helping you find effective ways to reduce your debt
and meet your financial goals.

Please don’t hesitate to contact our team with any questions you have about debt management, or to set
up an in-person meeting.

Let’s start the conversation about debt today.

The Manulife Bank of Canada poll surveyed 2,409 Canadian homeowners and renters in all provinces between ages 20 and 69 with household income of more than $40,000. The survey was conducted online by Nielsen between October 11th - 23rd, 2017. National results were weighted by province and age. Manulife, Manulife Bank and the Block Design are trademarks of The
Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.

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