40% of individuals polled say they waited more than two years to seek professional debt help, even as almost 4 in 5 say being in debt caused their mental health to suffer. Credit cards reported as number one type of problem debt for consumers.
VANCOUVER, British Columbia, Jan. 20, 2025 (GLOBE NEWSWIRE) — Sands & Associates, BC’s largest firm of Licensed Insolvency Trustees focused on consumer debt help, released findings from its 12th annual BC Consumer Debt Study today, a unique survey detailing consumer debt problems in the province.
The annual study focuses on exposing the causes and effects of problem debt on British Columbians – polling over 2,100 individuals who recently made an insolvency (formal debt relief) filing in…
