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With debt levels in Canada reaching new heights, the government is trying to crack down on predatory debt professionals with steep fines for bad actors. But finding trustworthy help still feels like navigating a minefield.
More than a quarter of Canadians don’t expect to pay at least one of their current bills and loans in full, according to January data from consumer credit reporting agency TransUnion. About one-fifth of people intend to take on additional debt or refinance existing credit in the next year, of which 43 per cent expect to apply for a new credit card.
The heightened demand for credit has opened a door for bad actors who make misleading promises to help…
