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Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
Shocking truth ebook-2013
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Shocking truth ebook-2013

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  • 1. The SHOCKING TRUTH About Canadian DebtFrightening StatisticsOn Debt In Canada OptionsCredit.ca
  • 2. Don Antle v  A Deans List graduate of the University of Western Ontario. v  Became VP of Marketing for Molson in their national marketing office in Toronto. v  After leaving Molson in 1991 he founded the Promotional agency the Allegro Marketing Group. v  Sold his equity in Allegro to his partner and moved to the Lower Mainland of British Columbia with his family. v  He managed two small projects before beginning with NCC Financial the parent company of the private credit counseling firm National Credit Counselors of Canada (NCC) in 2003. v  While at NCC Antle completely redesigned their business model and process increasing new client acquisition by over 60% and rationalizing the marketing, HR and management context of the business. v  Before leaving Antle was acting President, his efforts in improving process and efficiency resulted in the first profitable years in the companys 11 year history. v  Antle left NCC and CORE in 2009 to start Options Credit Services Canada which launched in 2010.OptionsCredit.ca 2
  • 3. ¡ 1. Every Dollar Spent¡ 2. Canada Is In Trouble¡ 3. Debt Reduction¡ 4. Canadians Owe¡ 5. Is There HopeOptionsCredit.ca 3
  • 4. 1. Every Dollar SpentOptionsCredit.ca 4
  • 5. SINCE 63% Of every Dollar is disposable income in the average household! That means 37 cents of every dollar earned is in the form of DEBT!OptionsCredit.ca 5 The Globe And Mail
  • 6. IN DEBT LEVELS ¡  More than half of major ¡  Debt levels continue to markets witnessed sales rise because of the drop 10% housing bust. This could result in a ¡  The average national “double blow” as the price increased over global economy is in 1% from last year holding ¡  The ratio of debt to ¡  Some economists fret income marked at about the similarities to 163.4% half way United States, where through the year. excessive debt-income That’s a raise of almost ratios were a prelude 2 points from the end to a housing crash of last year.OptionsCredit.ca 6 The Globe And Mail
  • 7. 2. Canada Is In TroubleOptionsCredit.ca 7
  • 8. We’ve Got SomeSERIOUS ISSUES To Deal With In Canada -Laurie Compbell- CEO of Credit Canada Debt SolutionsOptionsCredit.ca 8 The Globe And Mail
  • 9. Canadians and Americans are very Similar ¡  After 1996, and every year after, both Canadians and Americans spent almost all income, leaving very little for savings. ¡  While personal savings rates in Canada has consistently been higher than in the U.S., rates in both countries have been falling over 15%. ¡  Both Canadians and Americans have had to finance their spending through credit. Household Debt Household Debt 6.8x 8.6xOptionsCredit.ca 9 Statistics Canada
  • 10. 3. Debt ReductionOptionsCredit.ca 10
  • 11. The Top 8 2013 New Year’s Resolutions 1.  Eat Healthy Food 2.  Get A Better Education 3.  Get A Better Job 4.  Get Fit 5.  Quit Smoking 6.  Take A Trip 7.  Volunteer To Help OthersOptionsCredit.ca 11 USA.gov
  • 12. 17% Of Canadians selected as their main priority in 2013, 2012, and 2011.OptionsCredit.ca 12 The Globe And Mail
  • 13. In the last 12 months… nearly 34 million people, have been late making a credit card payment and over 18 million people have missed a payment entirely. (Source: National Foundation for Credit Counseling) …More than 58 million adults, admit to not paying all of their bills on time.   (Source: National Foundation for Credit Counseling) “When finances are tight, 59 percent of people would pay their credit card bills last!”OptionsCredit.ca 13
  • 14. 4. Canadians OweOptionsCredit.ca 14
  • 15. 16OptionsCredit.ca 15 Metronews.ca
  • 16. As of March 2012 $103,000 Is The Average Household DebtOptionsCredit.ca 16 Metronews.ca
  • 17. MORE THAN1 Million Are spending 40% of their income on debt repayment. Excessive debt “is a problem for a whole bunch of people…” -Rober Sauve-OptionsCredit.ca 17
  • 18. 5. Is There HopeOptionsCredit.ca 18
  • 19. Do You Need Help? 1 Million Other Canadians Do… ¡  Do your credit balances exceed your income ¡  Is it hard to make the minimum monthly payment on your debts ¡  Are you scared to know how much you owe in total ¡  Are you using credit cards for daily expenses ¡  Are you receiving creditor calls for not making bill payments ¡  Are you using one credit card to pay off another ¡  Why are creditors not increasing your credit limit ¡  Have you applied for cash advancesOptionsCredit.ca 19
  • 20. Canadians 100% AGREE On Using DMP’s ¡  1. The most common benefit from a debt management program is the consolidation of multiple monthly payments into one monthly payment, which is usually less than the sum of the individual payments themselves. ¡  2. Credit Counseling also arranges a reduction in the interest rates charged by creditors through a DMP. Some creditors will lower the annual percentage rates or even eliminate interest altogether. ¡  3. The third benefit offered by credit counseling agencies is restoring credit ratings. By bringing delinquent accounts current. After joining the DMP and making consecutive monthly payments, creditors could “re-age” the account to reflect a current status. This merely gives a fresh start and an opportunity for the client to begin building a positive credit history.OptionsCredit.ca 20 Wikipedia.org
  • 21. About Debt Help CALL NOW Call Now! Before you get distracted, start getting out of debt today. Call Now! Before the creditors start calling. Call Now! We can HELP! 1-877-823-1133OptionsCredit.ca 21

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