BMO: Keep a Strong Credit Rating to Avoid Your Own Debt Downgrade
- More than one quarter of Canadians living paycheque to paycheque
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/09/11 -- With the global economy and stock markets continuing to be affected by S&P's downgrade of U.S. debt, it's a good time for individuals to look at their own credit situations.
"Managing debt is a major priority for economies around the world, but it's also an important concern for consumers," said Su McVey, Vice President, Customer Communications & Marketing, BMO Bank of Montreal. "Case in point - a BMO survey reveals that one in three Canadians are living at or beyond their means, with 27 per cent living paycheque to paycheque - a 10 per cent increase over last year. It's important to maintain a healthy credit rating to ensure you are not affected by excessive debt."
"Canadian households have taken on a record amount of debt, though most are having little difficulty servicing it because of low interest rates," said Sal Guatieri, Senior Economist, BMO Capital Markets. "Now is the time to manage debt, before interest rates climb in the future."
BMO Bank of Montreal offers these 5 tips to avoid your own debt downgrade:
For more information, please visit .
Contacts:
Media Contacts:
Matt Duffin, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
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Datum: 09.08.2011 - 04:00 Uhr
Sprache: Deutsch
News-ID 1028647
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