Credit-Mortgage for Life

by Canadian Council on Social Development

This report shows that more and more Canadians owe more and more money....

With today's ever increasing interest rates and the uncertain economic future, the influence of these debts on the family unit should be reviewed. Since the mid-1960s there has been a major increase in the number of public and private institutions involved in granting credit, servicing loans and processing consumer debt problems. As a review, this report has been assembled in such a way that the reader can quickly grasp the organization of these institutions, the policy and procedures governing financially over-committed consumers, and how the debt load is structured in Canada....The report's recommendations cover lending practices, prevention of over-commitment assistance to debtors, problems of homeowners and the areas in which further research is needed.

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Canadian Council on Social Development

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