As payment deferrals offered during the height of the pandemic come to an end and many Canadians remain out of work or underemployed, experts say if you think you need financial help, the sooner you seek it the better.
The Canada Emergency Response Benefit, which came to an end at the end of September, helped almost nine million Canadians weather the pandemic and Ottawa has announced the new Canada Recovery Benefit for the self-employed who wont qualify for employment insurance.
But the government aid programs only go so far and only if you qualify, so as payment deferrals on mortgages, car loans and credit cards expire, the bills will start piling up.
Taz Rajan, community engagement partner at insolvency trustees Bromwich+Smith in Calg…
Read the full article at: https://www.saanichnews.com/news/seek-help-early-if-you-are-struggling-with-debt-as-deferrals-end-experts-say/
