More Canadians relying on credit for everyday essentials, says report

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Credit Card Debt News

Canadians,Credit Card,Everyday Purchases

Almost a third say they don’t pay off their bill in full each month

found 69 per cent of Canadian adults used credit for essential purchases in the past year, with 31 per cent of respondents indicating they don’t pay off their full credit card bill each month.The higher cost of living also emerged as the top factor among the 53 per cent of Canadians whose credit card habits changed in the past year, with other major causes being unexpected big purchases, change in employment and higher housing costs.

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