http://www.fortheloveofmoney.ca/2010/06/household-credit-growth-slowing-cibc/ Personal commentary from Canada's experts on debt management. Wed, 08 Feb 2012 13:43:30 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://www.fortheloveofmoney.ca/2010/06/household-credit-growth-slowing-cibc/comment-page-1/#comment-521 Dave Pearson Fri, 02 Jul 2010 21:52:03 +0000 http://www.fortheloveofmoney.ca/?p=762#comment-521 we are far from in the clear, as so many of us don't really understand the whole concept of money, and figuring out how to manage it. I see clients regularly who are surprised when they find out how much a given debt is costing them, and the credit card companies wre the culprits, with the small regular monthly payments they ask for, letting them rake in hte interest income for longer than necessary. We will always have overlaoded debtors, but with education and some control of the industry, things will improve, but not real soon. It's not how much you manage to make, but how you manage what you make, that really matters! we are far from in the clear, as so many of us don’t really understand the whole concept of money, and figuring out how to manage it. I see clients regularly who are surprised when they find out how much a given debt is costing them, and the credit card companies wre the culprits, with the small regular monthly payments they ask for, letting them rake in hte interest income for longer than necessary. We will always have overlaoded debtors, but with education and some control of the industry, things will improve, but not real soon. It’s not how much you manage to make, but how you manage what you make, that really matters!

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