Timely Debt Relief In Canada Made Available With Increasing Household Liability Statistics

Jan. 29, 2013 - PRLog -- A trusted name in debt relief in Canada is now extending their services online to conveniently cater to citizens who are experiencing grave financial issues.

The American economic crash has undoubtedly affected a lot of countries. And Canada, in spite of its stability, was no exception. But there seems to be less attention paid on its current indebtedness, leading to ignorant decisions. And as a result, people find themselves with an escalating amount of liabilities.

As of the third quarter of 2012, households have borrowed a total $27.3 billion to support themselves. And $18.4 billion of that was in mortgages. The consumer credit levels of Canadians also rose by $7 billion last year, which totals to a credit card debt of $474 billion – the highest on record to date. Many leading experts claim that this could very well jeopardize the country’s economy in the same way as American’s treatment of debt did. But there are also those who believe that this has yet to be founded given the fact that the country’s overall net worth has risen to $6.8 trillion on the same time frame.

Now, regardless of what the outcome is on a macro level, there is no denying that debt affects the individual very seriously. Some of those who mistakenly take on a compromising deal end up losing their hard-earned possessions, from cars to houses, forcing their families to the streets. And although the unemployment rate in Canada is less threatening, the fact that full-time jobs are now continuously decreasing raises concern over the ability of certain people to keep up with their obligations.

Maple Leaf Debt Helpers is an experienced debt relief Canada agency that aims to keep people from the traps of debt through education, loan provision as well as finance counseling. They are one of the country’s premier debt management organizations that extend personal and professional services as far as debt settlement and filing bankruptcies is concerned. Thus far, they have had countless successes when it comes to reducing your dues and extending deadlines. And they will be more than happy to give clients useful tips on budgeting and handling loans.

If you are in a bind and would like to know more about viable solutions to your financial problem, you could visit their website at http://mapleleafdebthelpers.ca/ or drop over their Toronto Star Building office.