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Debt Consolidation in Action: Manitoba

See how we’ve helped other Manitobans overcome their issues with debt.

This page will help you understand how debt impacts you and many fellow residents in Manitoba. We also will show you how many clients have overcome their challenges with debt with the help of Consolidated Credit. If you are having a difficult time staying on top of your debt, call us now at (844)-402-3073 or complete our easy debt analysis.

Debt statistics in Manitoba

While the economy and employment rate is relatively stable in Winnipeg and throughout the province, Manitobans are not immune to debt. The simple matter of fact is many Canadians are stretched thin and they are living paycheque to paycheque. The average debt levels of Manitobans are the following:

Average credit card debt: $1,005.00 per borrower
Average student debt: $610.00
Average mortgage debt: $24,978.00
Average consumer debt (non-mortgage): $ 6,572

All of the above statistics are from Statistics Canada.

Insolvency Statistics

Canada	2022	2021	% Change
Total Insolvencies	100,184	90,092	11.2%
Consumer Proposal	75,598	62,631	20.7%
Bankruptcy	24,586	27,461	-10.5%
Manitoba	2022	2021	% Change
Total Insolvencies	2,773	2,507	10.6%
Consumer Proposal	2,039	1,725	18.2%
Bankruptcy	734	782	-6.1%

Source: ic.gc.ca

Real Case Studies

Kristen is thankful she called

Great service and up to date info.
Kristen from Brandon, MB

Where she started:

Total unsecured debt: $11,260.00
Estimated interest charges: $6,376.63
Time to payoff: 11 years, 6 months
Total monthly payments: $450.40

After DMP enrollment:

Average negotiated interest rate: 1.67%
Total interest charges: $838.00
Time to payoff: 4 years, 5 months
Total monthly payment: $533.00

Time Saved: 7 years, 2 months

Monthly Savings: $218.40

Interest Saved: $5,709.94

Jake is finally getting his credit card under control

I contacted consolidated credit to help me pay off my master card, through them I am able to pay everything towards the principal instead of paying so much interest.
Jake from Steinbach, MB

Where he started:

Total unsecured debt: $4,029.00
Estimated interest charges: $2,290.90
Time to payoff: 10 years, 6 months
Total monthly payments: $161.16

After DMP enrollment:

Average negotiated interest rate: 0.00%
Total interest charges: $0.00
Time to payoff: 3 years, 4 months
Total monthly payment: $101.00

Time Saved: 7 years, 2 months

Monthly Savings: $60.16

Interest Saved: $2,290.90

Manitoba Cities

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