Many Canadians are slowly waking up to staggering bills after the holidays.
BDO Canada recently released data showing 53 per cent of Canadians are living paycheque to paycheque and insolvency filing rates rose the most in Ontario at 15.3 per cent.
Vice-president, Paul Ihnatiuk says Canadians have relied on easy money such as credit cards and payday loans, and are now bursting at the seams with debt.
But not to despair, there are strategies available for tackling piling debt.
Ihnatiuk says other interventions include a consolidation loan, consumer proposal, and bankruptcy.
