Get it on Credit

Caissa
rabble-rouser-for-life
Member: 13752
Joined: Jun 14 2006

The Competition Bureau is challenging Canada's largest credit card companies over what the agency claims are anti-competitive rules.



Read more: http://www.cbc.ca/consumer/story/2010/12/15/con-credit-card-fees.html#ixzz18CrURrnt


Comments

Noah_Scape
rabble-rouser
Member: 15667
Joined: Oct 24 2007

"Get it on credit" is a game being foisted upon Canadians that Canadians seem to be falling for in ever greater numbers. The credit card scam exposed in this article is one example of that.

I also saw CBC news telling us last night that "46% of your income is about right" for debt [ie credit cards and mortgages] for the average Canadian. That is a lot of money for the banks, and a good way for the average person to become a slave for the credit the banks extend to them with open arms. Beware!!


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