The World – Hidden Debt

Hidden debt.  Not something anyone has ever mentioned before but it does exist. Here in Thunder Bay as well.  Unpaid rent, taxes and utility bills?  The City of Thunder Bay writes off tens of thousands of dollars in unpaid property taxes every year.  Ontario does the same thing.

Payday loans? That is one of the few growth industries in this city.  Those businesses are everywhere as are pawn shops. That is not a good sign.  Will a $100 million arena reverse that problem?  Of course not.

UK consumers in '£5bn black hole' of hidden debt | Money | theg
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