Debt delinquencies are up, what you can do

Today, Equifax announced that delinquency rates in Alberta have climbed, mainly due to the economic impact of the dropping oil price. Equifax Canada said Thursday the delinquency rate for Alberta stood at 1.4 per cent, up 40.3 per cent compared with a year ago. For the most part, older Canadians have always demonstrated an ability to handle their spending and what they owe. Millennials should be reminded to practice good budget and money management habits. [Global News] So what can you do to better manage your debt? Here’s some ideas: Understand credit: understand what makes up your credit score and what will affect it. Here’s a free…