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How to consolidate debt

Summary by MoneySense
With the cost of living rising in Canada, we’re seeing more people relying on credit cards to make ends meet. In Q4 of 2024, Canadians topped $124 billion in total credit card debt, and delinquency rates rose even as average monthly card spending declined, according to TransUnion. Credit card debt is expensive, with annual interest rates around 20% to 27%, and it can grow quickly if you carry a balance. In this guide, we’ll share six debt consol…
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MoneySense broke the news in on Thursday, July 24, 2025.
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