Options Credit's Don Antle explains how Canada is following the same path as the United States. Don shares more insight about debt on his website: http://optionscredit.ca

1. The
SHOCKING
TRUTH
About
Canadian Debt
Frightening Statistics
On Debt In Canada
OptionsCredit.ca

2. Don Antle
 A Dean's List graduate of the
University of Western Ontario.
 Became VP of Marketing for Molson
in their national marketing
office in Toronto.
 After leaving Molson in 1991 he
founded the Promotional agency the Allegro
Marketing Group.
 Sold his equity in Allegro to his partner and moved
to the Lower Mainland of British Columbia with his
family.
 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.
 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.
 Before leaving Antle was acting President, his
efforts in improving process and efficiency resulted
in the first profitable years in the company's 11 year
history.
 Antle left NCC and CORE in 2009 to start Options
Credit Services Canada which launched in 2010.
OptionsCredit.ca
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3. 1. Every Dollar Spent
2. Canada Is In Trouble
3. Debt Reduction
4. Canadians Owe
5. Is There Hope
OptionsCredit.ca 3

4. 1. Every Dollar Spent
OptionsCredit.ca 4

5. SINCE
Of every Dollar is disposable
income in the average household!
That means 37 cents of every dollar earned is in the form of DEBT!
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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.
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The Globe And Mail

7. 2. Canada Is In Trouble
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8. We’ve Got Some
SERIOUS ISSUES
To Deal With
In Canada
-Laurie Compbell-
CEO of Credit Canada Debt Solutions
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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 8.6x
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Statistics Canada

10. 3. Debt Reduction
OptionsCredit.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 Others
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USA.gov

12. Of Canadians selected
as their main priority in
2013, 2012, and 2011.
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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!”
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14. 4. Canadians Owe
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15. OptionsCredit.ca 15
Metronews.ca

16. As of March 2012
$103,000
Is The Average
Household Debt
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Metronews.ca

17. MORE THAN
1 Million
Are spending 40% of their
income on debt repayment.
Excessive debt “is a problem for a
whole bunch of people…”
-Rober Sauve-
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18. 5. Is There Hope
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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 advances
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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.
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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!
1-877-823-1133
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