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Debt Consolidation and Debt Help for Manitoba Residents
Dealing with debt in Manitoba
Many families in Manitoba are struggling with debt. Often times a financial crisis can be precipitated by job loss, a failed business, divorce or disability, amongst other reasons.
If you are struggling with debt your first choice may be to see what help is available. Debt consolidation and debt help is available to Manitoba residents, but it is important to research and understand who you are going to for help.
You may choose to deal with your debt different ways – through:
- a debt consolidation
- borrowing more money
- credit counselling
- consumer proposals
- bankruptcy
- debt settlements
- or a strong financial plan
Some of these choices could make your financial problem worse while other choices could turn your life in a more positive financial direction.
- We are not Bankruptcy Trustees – they represent your creditors.
- We are not like credit counselling agencies – they are largely funded by your Credit Card company’s donations.
- We are not a financial institution – we don’t put our clients in more debt.
Our only agenda is you! We represent YOUR interests.
Our services go well beyond the scope of other debt counselling services. We are Financial Consultants and our team sets the standard for its combination of Credit Counsellors, Insolvency Counsellors, Financial Experts, Legal Professionals and Community Educators in Canada.
DebtCare leverages Federal Government programs to help individuals and businesses struggling with debt. You will not pay one dollar to DebtCare, unless you have been accepted and approved into one of our programs.
Call DebtCare Canada today 1 (888) 890-0888.
Living with Debt in Manitoba
Like Saskatchewan, Manitoba is rich in natural resources. Manitoba’s economy is largely based on these natural resources and relies heavily on agriculture, tourism, energy, oil, mining and forestry.
Manitoba accounts for 12% of Canada’s farmlands with the most common types of farming being cattle, grain and oil seed farming. Manitoba is the nation’s largest producer of sunflower seeds and dry beans and potatoes.
Manitoba’s largest employer is the government and government funded institutions like hospitals and universities.
Manitoba has the lowest unemployment rate among provinces at 5.3% and below the 7.8% national average. Over the past decade, Manitoba’s unemployment rate has averaged 2.2 percentage points below Canada.
In 2010, business bankruptcies were up 4.6% in Manitoba while they declined 24.9% in Canada.
In 2010, consumer bankruptcies decreased 18.4% in Manitoba while there was an increase of 20.4% in Canada. This is an indicator that perhaps some business owners are struggling and perhaps more could be done to help these individuals restructure their finances to avoid bankruptcy.