Home » Press » News » Opinion: Debt for many is a four letter word
Easy spending is keeping bankruptcy trustees hopping
Published by the Vancouver Sun
By David Smith, Special to the Vancouver Sun
The love affair with debt continues unabated for Canadians. Officially, we’re way past the awkward first-date stage. We’re now blissfully smooching on the slow-dance floor way past closing time.
Seduced by teaser low-interest mortgages, sexy rewards and stripped-down payment plans (five years of not so easy payments) many consumers are caught up in what maybe a dangerous adult version of musical chairs. It’s been a long, sultry tune. The chairs just haven’t been repossessed yet.