Loading ...My wife just told me yesterday that she had heard on the MSM news in Canada that the average credit card debt in Canada is $22,000 per household. I just questioned her again but that is the only statistic she remembered. This is also scary but I have no backup for the info so it’s FWIW!!
Your report of 125% car loans is reminding me of the 125% loans against real estate back about 2006 – 2008 (as I recall). They were advertising refinance your home for 125% of appraised value. Having a real estate background in a past life I was sure questioning that one…..and we all know how that one ended!!