To
average debtors who owe sums of unsecured loans to different creditors finding a good debt consolidation company can be a godsend.
Not exact matches
When my firm, Hoyes, Michalos & Associates, did a study of people
who filed a bankruptcy or consumer proposal with us, we found that the
average senior
debtor owed almost $ 70,000 in unsecured debt, which was the second highest among all age groups.
As you can see from the infographic below, the
average student
debtor is not someone
who graduated yesterday and is looking for a way out of repaying their student debt.
Consumer debt counseling has helped more than the
average consumer
debtors who seek ways to get out of debt.
• Canada's
average debtor is not
who you think.
Only 44 % of senior
debtors have any retirement nest egg, and as for those
who have an RRSP, their
average RRSP savings amounts to just $ 20,207.
While each case is different, we discovered that, on
average, male and female student
debtors who became insolvent earn just below $ 2,300 per month, 6 % below that of the
average debtor in Canada.
We know from our Joe
Debtor study that the
average person in Ontario
who files a consumer proposal or bankruptcy has an income that is almost 40 % lower than the median income in Ontario.