Don’t delay, contact KOFE today.
Join the growing number of organizations paving the way for consumers to become financially successful through education and coaching. Together we can improve their daily lives by delivering the expertise and guidance needed to become better money managers.
KOFE provides exciting and instructive practices such as:
- Seminars and webinars
- Financial coaching
- Interactive courses
- Financial tools
With KOFE, consumers learn valuable skills in budgeting, credit report analysis, debt reduction and more. Simply fill out the form below or call us at 844-485-4220 to schedule a free demonstration with a KOFE representative.
Being embarrassed about my financial situation, I was nervous but I’ve been treated in a very pleasant, respectful manner and was quickly put me at ease. They were very knowledgeable about helping me solve my financial problems and explained things clearly giving me many suggestions as to how to deal with this issue. I am looking forward to implementing some of their suggestions and solving my financial issues. Thank You!
I’m so happy that I came to talk to one of your representatives! They explained how I can get out of my debts. Now I have less worries and looking forward to a better future. I am certainly going to recommend this to my family, friends and co-workers. Thank you.
I turned to Consolidated Credit Counseling Services of Canada when I knew I couldn't dig myself out of my debt on my own. I was rejected by the bank for a consolidated debt loan and was feeling helpless. Because of Consolidated, I’ve managed to gain control of my debt and pay it off in a realistic time frame. I am so appreciative of them!
You helped me when no one else would! I’ve managed to move forward in dealing with my credit issues. Consolidated Credit was quick to help me deal with my creditors which lifted a huge load off my shoulders. All I can say is thank you consolidated credit!
The counsellors I’ve worked with have been very understanding and helpful. There’s no judgement but an intention to help us get back to zero debt.
Making the call to start the process to get back on my own feet was not just financially helpful but helped my mental health as well because I was always stressed! Now I have control again, sleep better and I’m moving forward. Everyone has been supportive, kind and helpful.
Consumer Debt and Financial Literacy Statistics for Canadian Households
Canadians now owe $1.79 for every $1 they have to spend in disposable income.
The average Canadian consumer now owes about $21,000 in non-mortgage debt. Non-mortgage debt has decreased during the pandemic; however, towards the end of 2021 it began increasing again.
By the end of 2021, the price of consumer goods and services rose by 4.7% year-over-year while worker wages only rose by 2.8%. This means the money in Canadian pockets lost some purchasing power.
45% of Canadians homeowners believe they will need to use credit in order to afford their living expenses in the next year.
Half of Canadian households experienced a negative financial impact because of the COVID-19 pandemic.
60% of Canadian households who reported an increase in their debt said it was because of COVID-19.
Nearly half of Canadians are only $200 or less away from not being able to meet their monthly financial obligations.
62% of Canadians said their stress increased over the past 12 months because of the COVID-19 pandemic.
Less than half of Canadians describe themselves as financially knowledgeable.
84% of employees are interested in their workplace offering financial education programs.
A record high, 23.5% of Canadians were working most of their hours from home in 2021 compared to just 7.5% in 2016. 80% of these workers would like to continue working at least half their hours remotely.
Study shows that nearly half of all financially stressed employees admit to spending at least 3 hours per week on their financial issues at work.