Delinquent and Angry

As widely reported last week in the mainstream media delinquency rates in Alberta and Saskatchewan climbed higher in the second quarter allegedly due to the fallout from the drop in the price of oil.

Equifax Canada reported this past week that the delinquency rate for Alberta stood at 1.4 per cent, up 40.3 per cent compared with a year ago. The delinquency rate in Saskatchewan climbed to 1.2 per cent, a gain of 22.7 per cent.

The rise in delinquencies in Alberta and Saskatchewan came as the overall delinquency rate in Canada crept up 4.1 per cent to 1.1 per cent.

As a full service debt collection agency we can attest to the ongoing growth in overall delinquencies rates with the growth of our collection portfolios.

Should you be experiencing negative changes in the payment behavior of your customers CASE can help! As a collection agency operating in Edmonton, Calgary and the GTA we can apply our best professional efforts in order to make your past due accounts receivable a top priority.

The credit monitoring agency said instalment loans, auto loans and mortgage sectors had significant increases of 7.8 per cent, 7.6 per cent and 7.6 per cent year-over-year, respectively.

Excluding mortgages, consumers owed on average $21,878, up 3.4 per cent from a year ago.

Meanwhile, in another story this past week it was interesting to witness the level of on-line hate and disdain for Kristy Shen and Bryce Leung the latest self-aggrandizing millennial mentors encouraging an anti-debt, anti-home ownership lifestyle.

Should they be defied or deified? Feelings and opinions are strong on both sides.

You can read the full story here: http://www.cbc.ca/news/business/kristy-shen-bryce-leung-1.3724450

While the masses continue to accumulate unsustainable debt levels while nary stirring the opinions and anger of internet trolls, as soon as a couple of people exhibit good old fashioned thrift, self-control, discipline, and along with it, a lower priority of “accumulating stuff” the trolls go absolutely off the rails!

Many believe it’s impossible for someone to do this if they can’t. They must have had some special advantage, perhaps due to some lucky break or, because they got ahead with the generous help of mom and dad.  Give me a break.   If one has ever wondered how we arrived to find ourselves mired in this new “era of entitlement” you now have the answer.