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Old 12-04-2008, 03:08 PM
Steven Steven is offline
Senior Member
Join Date: Jul 2008
Posts: 139

Originally Posted by Canadian View Post
I don't have a mortgage (I'll get one when prices are more reasonable), and I don't carry credit card balances. I'm financing a car, but that's about it. I actually save money every month.
Yes, but keep in mind that most people are not like you and live paycheck to paycheck. The ordinary Canadian family has 2 cars (leased/financed), a line of credit or two (carrying balance), several credit cards (some carrying balance), mortgage, etc. That's why most people are very vulnerable when it's hard to obtain credit.
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