Credit-Mortgage for Life

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.