Debt burdened? How to better handle your credit

Stories about Canadians’ household debt are making headlines this week, and whether or not the hype is true, there are always some lessons to be taken about spending, debt and how we deal with our credit. We were increasingly relying on household borrowing for both purchases of housing and other consumption, as opposed to household income growth,” recalled Mr. Dodge, who left the bank in 2008. “We were very worried that by loosening up the rules about mortgage insurance we were putting additional pressure on Canadians to borrow for housing, and that was leading to house price inflation and increased indebtedness. [Globe and Mail] Your…