Debt delinquencies rise in Alberta, bucking national trend

[petros]

Won what?

 

[darkbeaver]

Any chance you can be mentaldouche's sponsor?

Is there any cash involved?

 

[petros]

He'll gladly pay you, just call it a carbon tax.

 

[Dixie Cup]

Talking to several people involved in car sales/loans, and it's amazing how many people in Alberta, and elsewhere, keep rolling over debt: people owe $60,000 on a truck worth $35,000. It's not uncommon at all.

Yup! That's because they "flip" them - say every 2 years or so for a "newer toy" and the debt left over from the previous one is just tacked on to the new one. Next thing they know, they owe $80,000 for a $50,000 vehicle. It's crazy! It's Nuts!


And no, it's not just in Alberta (or Albertans) - haven't you heard that Canadians (not just Albertans) are deeply in debt although I've also read recently that that has decreased slightly recently.


JMHO