How to avoid a debt crisis

27 July 2020

Since banks and other lenders started offering Canadians the option to defer their payments – on mortgages, credited cards, student loans and more – thousands have taken the opportunity to press pause while the COVID-19 pandemic affects our pockets.

Yes, you’ll owe more Cynthia Kett, a principal with Stewart & Kett Financial Advisors in Toronto, said in most cases, Canadians who deferred their debt will owe more when payments resume, as interest has accumulated.

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About Stewart & Kett

Stewart & Kett Financial Advisors Inc.
911- 123 Front Street West,
Toronto, Ontario,
M5J 2M2, Canada
(Adjacent to Union Station)
Phone: (416) 362-6322
Fax: (416) 362-6302