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What Are The Main Reasons For Credit Problems?

What Are The Main Reasons For Credit Problems?

Credit Problems CanadaThe main reasons people end up in financial difficulty include:

  • Excessive use of credit
  • Unemployment / Underemployment
  • Not living within your means by preparing a budget and living within it
  • Injury or illness
  • Divorce or separation

Related articles:

Can Creditors Seize Your Assets and What Creditors Can Do If You Don’t Pay?

 

I’d like to thank you for your support and for helping me get through this situation. I hope my life will be better now and less stressful! I wish you all the best.

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A.A. (Waterloo)


 What are the main reasons for credit problems?

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