TransUnion is warning of an increase in delinquent loans, especially in Saskatchewan and Alberta. Although credit cards and auto loans are likely to the first to suffer, mortgage payments could also be missed by those struggling the most. The impact of the downturn in the oil industry is the main reason for the warning. TransUnion says that it has noticed a change in behaviour for credit card payments with smaller proportions of balances being paid each month. The credit agency’s Jason Wang told CBC: "If lenders do not take proactive measures to address the impact of the decline in oil prices, we could potentially see double-digit delinquency rate increases in Saskatchewan, and as much as a 60 per cent rise in areas of Alberta."

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