Debt problems often build gradually, not overnight. What starts as using credit for groceries or utilities can turn into minimum payments, borrowing to cover other debt, and eventually missed payments and collection calls. This guide explains the 4 stages of debt escalation, warning signs to watch for, and the debt relief options available in Ontario if debt is becoming harder to manage.

Middle-income Canadians have been under increasing financial pressure due to a combination of economic factors. These pressures are making it difficult for many individuals to keep up with living expenses and manage rising debt levels effectively.

Recessions are hard times for all of us. During an economic recession, people face financial distress and need to find ways to survive.