The average amount of Canadian credit card debt has hit a three-year high according to a recent report from TransUnion. What are the top culprits behind high balances? Read on for our breakdown.
Would leaving the plastic at home once a week make you a more responsible spender? That’s the idea behind Credit Free Fridays, an initiative by finance guru and TV host Gail Vaz-Oxlade and CFIB.
Personal debt can be just that – intensely private information that many are uncomfortable sharing. However the most recent debt poll from RBC finds three quarters of us are carrying debt of some kind. It’s time to be transparent to break the cycle and get back into the black.