The Credit Invisible

Date(s) - 06/03/2019
8:00 am - 11:00 am

Blake, Cassels & Graydon LLP‎


Canadian Lenders Association, is proud to host a series of workshops addressing tools, policies and fintech topics. Part One in this series, is on credit invisibles and “credit deserts” across Canada hosted by PERC Canada and TransUnion.

Between 2009 and 2014, the percentage of Canadians using payday loans more than doubled from 1.9% to 4.5%. During that time, Canadians became the most indebted consumers among the members of the G7 (roughly, the 7 richest countries on earth), as household debt to income increased from 145% to 160%, and in 2017 hit a record high of 165%.



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