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Behind the Numbers: The Canadian Debt Crisis with Equifax
Manage episode 408710974 series 3530823
内容由Saijal Patel提供。所有播客内容（包括剧集、图形和播客描述）均由 Saijal Patel 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品，您可以按照此处概述的流程进行操作https://zh.player.fm/legal。
In this episode, we delve into the pressing issue of the debt crisis gripping Canada. With consumer debt soaring to unprecedented levels, the financial strain on Canadians has become undeniable.
Credit card and mortgage delinquencies are up, especially in Ontario and B.C. where home prices are exceptionally high.
Rebecca Oakes, Vice-President of Data & Analytics at Equifax Canada, joins me as we uncover the root causes behind this alarming trend and explore potential avenues for relief.
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⏰Timestamps:
00:00 - 05:00 A deep dive into the debt crisis in Canada
05:06 - 07:00 Mortgage prioritized over credit cards with high interest
07:00 - 12:00 Immigrants rely on credit for essentials.
12:05 - 14:00 Credit score impacts mortgage rates and offers.
14:16 - 18: 00 Credit score predicts payment behavior, rebuildable. Utilization matters.
18:01 - 19:00 Check credit report more than once yearly.
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GUEST LINKS & RESOURCES:
https://www.consumer.equifax.ca/personal/
LEARN MORE ABOUT BMO ETFS (SPONSOR)
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
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Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/
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