Even though you might only be talking about a few thousand dollars worth
of debt, rather than a few million, it's
easy to let everyday expenses and luxury spending spiral
out of control, ending in bankruptcy or other
financial crises.
They also specifically go
out of their way to try to make it
easier for people to repay their loans if they struggle by offering to reduce their payments if they experience a
financial crisis.
In these hard economic times, too many Metro Vancouver, Fraser Valley, Lower Mainland people, and British Columbians who lived free
of financial crisis until now, find themselves facing the shame
of debt they can not repay after taking
out too much
easy credit just to live, pay for necessities such as housing, food, medicine, etc., a reflection
of our ever growing senior and minimum wage population funded with insufficient pensions and facing rising living costs without corresponding increase in earnings.