Latest News and Press Releases

Want to stay updated on the latest news?

Sign into Reader Account Create Reader Account

January 20, 2025 08:00 ET | Source: Sands & Associates

Problem Debt Significantly Affecting Mental Health of British Columbians, Consumers Waiting Longer to Seek Help – 12th Annual BC Consumer Debt Study

Latest BC Consumer Debt Study shows debt is having serious impacts on consumers’ mental health and individuals are waiting longer than ever to seek help.
January 16, 2023 08:00 ET | Source: Sands & Associates

Consumers Turning to Credit Cards and Payday Loans to Cover Costs of Living, with Debt-Stress Impacting Mental Health, Self-Esteem & More – 10th Annual BC Consumer Debt Study

Credit card debt a problem for nearly 3 in 5 individuals polled in the 2022 BC Consumer Debt Study, and worrying high-cost payday loan use is on the rise. Most troubling - almost 4 in 5 people said...
January 17, 2022 07:30 ET | Source: Sands & Associates

Costs of Living, Credit Cards & COVID-19 – Latest BC Consumer Debt Study Highlights Consumer Debt Problems, Debt Impacts on Mental Health and More

Credit card debt cited five times more than other types of problem debt; using credit for essential costs of living the main cause of debt reported by 18% of insolvent consumers, and more than 3 in 4...
January 11, 2021 07:30 ET | Source: Sands & Associates

Credit Card Debt and COVID-19 Pandemic Pushing BC Bankruptcies and Proposals – Revealing New Debt Study Goes Beyond the Numbers

VANCOUVER, British Columbia, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Sands & Associates, BC’s largest firm of Licensed Insolvency Trustees serving individuals and small businesses, released the...
February 10, 2020 06:00 ET | Source: Sands & Associates

Credit Card Debt Driving Insolvencies – Even for Consumers with Full-Time Employment and Good Credit Scores

VANCOUVER, British Columbia, Feb. 10, 2020 (GLOBE NEWSWIRE) -- Working full-time and hold a good credit score? That might not be enough to keep a debt problem from setting in. A new BC debt study...