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Behind the Numbers: The Canadian Debt Crisis with Equifax
Manage episode 408710974 series 3530823
Saijal Patel에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Saijal Patel 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.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/
Follow on X: https://twitter.com/strictlymoneytv
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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