By only paying down the minimum on a credit card each month, consumers are extending the repayment time of the debt, as well as the amount paid. Bill 134, tabled by Minister of Justice Stéphanie Vallée, aims to reduce household indebtedness.
Stéphane Gauvin, Partner and Licensed Insolvency Trustee at Raymond Chabot Grant Thornton, explains the ins and outs of this Bill. Listen to the audio capsule on Radio-Canada.
19 May 2017 | Written by :