by average_joe » Sat Jan 16, 2010 06:57:59 AM
Here is one way from people getting too much credit but the creditors will not do it. When someone is applying for a credit card, loan or a mortgage, make the applicant show their last years notice of assessment from revenue Canada. The majority of people that fill out credit card applications stretch the truth about their income. I know people that make $30,000 a year and they have over $30,000 worth of credit cards. I also know people when they got their home, all they needed was a paystub and a letter from the employer and we all know that can be made up. The system has bigger holes then the ozone layer.