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Canadians with credit card debt suffer emotionally as holiday shopping season begins

Eva Wong

Nov 16, 2016 2 min read

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Canadians with credit card debt suffer emotionally as holiday shopping season begins

Borrowell and Dr. Oren Amitay team up to help Canadians this holiday season.

Black Friday kicks off a time of year where many Canadians with credit card debt go through extreme emotional distress.

Dr. Oren Amitay & Borrowell are teaming up to talk about how the holiday shopping season can cause, contribute to or exacerbate mental health issues in Canadians who carry debt on their credit cards.

  • Resentment, anxiety and crippling shame are common symptoms

  • 60% of Canadians say they often lose sleep over their credit card debt

  • Nearly half of Canadians carry credit card debt

Eva Wong, co-founder of Borrowell, breaks down the financial angle of the story by offering some simple tips to help Canadians in debt alleviate their credit card pressures.

Dr. Amitay, a registered psychologist, can discuss how to practice self-care during this time of year and warning signs to look out for.

Borrowell is a Canadian fintech lender that offers fast, fair, and friendly personal loans and free access to Equifax credit scores. Its affordable, fixed-interest loans give Canadians a smarter way to access credit. A wholly online application process instantly provides personalized loan options to Canadians with good credit who want better alternatives. More information about Borrowell can be found at www.borrowell.com

Dr. Oren Amitay is a registered psychologist in Toronto who works with a diverse group of clients in individual, couple’s and family counselling; Dr. Amitay’s professional knowledge and experience have helped him become one of Canada’s most frequently requested media consultants. Dr. Amitay’s weekly podcast, ‘The Real Reality’, is available on iTunes

*per an online survey conducted by Angus Reid for Borrowell in December 2015. The online survey was conducted among 1,519 randomly selected Canadian adults who are Angus Reid Forum panelists. The margin of error— which measures sampling variability—is +/- 2.5%, 19 times out of 20.

Eva Wong
Eva Wong
 | 
Co-Founder & COO
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Eva is the co-founder and Chief Operating Officer at Borrowell. With a background in management consulting and business development, Eva has worked in both the private and not-for-profit sectors in Canada and abroad. Eva was an EY Entrepreneur Of The Year® 2019 award winner in Ontario. She enjoys biking, food blogs and baking projects with her two kids.

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