Candian Mortgages and Credit card debt

Canadian mortgages are not the real problem when it comes to consumer debt or clients getting into financial difficulty. The real problem in my opinion is the credit cards and lines of credit. We are seeing more and more of our clients getting into trouble with credit cards and lines of credit over extended. What happens is the banks, credit unions are more then happy to give you access to all this credit. They do not look at how you are going to pay back the debt that you have borrowed. They also do not help clients figure out a way to pay back the debt. Clients need to know what they are comfortable to borrow and stay within that range. Th time for over extending credit is at an end.