The Economy in Kitchener/Waterloo
The Kitchener-Waterloo region is home to over 320 000 people, and is steadily growing. Due to the collapse of the economy, and the closing of Kitchener-Waterloo plants, such as Budd Canada in 2008, job loss has forced many people to turn to different financial solutions for debt help. Debt consolidation is a very popular – and smart – option.
From December 2009 to December 2010, the labour force of the Kitchener-Waterloo economic region increased by 12,000 while employment rose by 17,200. Clearly the economy is beginning to rebuild, but many people finding employment now are facing the mountain of debt that accumulated while they were out of work. Debt consolidation allows you to finally face that debt and get the help you need to get it under control.
The number of unemployed people in the Kitchener-Waterloo region fell by 5,300, causing the unemployment rate to decline from 8.0% in December 2009 to 7.1% in December 2010. Over the same period, the provincial unemployment rate fell from 8.3% to 7.5%. Although lower, the number is still significant, and many Kitchener-Waterloo residents are trying to find debt help and fight their way back to financial freedom. Debt consolidation is the best solution, as it allows you to rebuild your credit while getting rid of your debt. Debt consolidation is also a better option than either bankruptcy or a consumer proposal, helping you maintain a more attractive credit profile.
If you have been seeking help with debt, you may have visited (or thought about visiting) a number of places:
- – Your Kitchener-Waterloo bank for a debt consolidation loan
- – A Bankruptcy Trustee in Kitchener-Waterloo
- – Consumer Credit Counselling in Kitchener-Waterloo
Unexpected job loss, disability, divorce, addiction, failed businesses, issues with children, mismanagement of credit and income taxes are all common causes of financial crisis.
To find out more call DebtCare Canada at 888-890-0888.
- No credit checks
- 100% Confidential
- No obligation free financial assessment