Mortgage News
Equifax reports lower rates of consumer debt delinquency
Fewer Canadians are letting their debt repayments lapse for more than three months compared with a year ago, according to a report by credit monitoring firm Equifax Canada.
Published
A recent report from one of the major Canadian credit reporting firms, Equifax Canada, shows that fewer Canadians are allowing debt repayments to lapse than at the same period one year ago.
The study shows that the percentage of non-mortgage debt remaining unpaid for a period longer than 90 days came in at 1.2% in the first quarter of 2013, compared to 1.39% in the first quarter of 2012.