Get it on Credit
December 15, 2010 - 2:30pm
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
"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!!