An experienced debt counsellor said he wasn’t surprised that there has been a steep increase in non-mortgage loans going unpaid.
Mark Kalinowski, of the Credit Counselling Society, which has a local branch in Waterloo, said the pressure on Canadians has been building for years.
“People right now are really, really tight,” Kalinowski said, adding: “The cost of living has gone up, and people’s salaries haven’t kept up.”
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