by TransUnion finds there's been an increase in delinquencies and about 10 per cent of Canadians only make the minimum monthly payment on their credit cards.
As more families turn to credit cards to bridge the gap, it’s important to realize that many credit cards have an annual interest rate of about 20 per cent. "Those people only making the minimum monthly payment, it concerns me deeply, because it's going to take them years, if not decades to get out of debt” said Campbell.
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