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How Much Debt Can We Handle?

Part 1

Trans Union, one of the largest Credit Reporting Agencies in Canada, released a report this week informing the public that debt levels are rising, but we are managing okay. Sounds good, but, what does it mean?

The short answer: I don’t know.

How much debt people can handle, manage, or afford is really quite complex. Is it $25,000? $50,000? $100,000?

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Credit Reports

May 14, 2013

A consumer credit report is based on factual information regarding a person’ credit payment history. Its primary purpose is to help credit grantors determine whether or not to approve an individual for credit.

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