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How close to the line are you running? What position would you be in if your paycheque didn't arrive this week? Has our penchant for buying homes put us in serious trouble? Are you reining in your household spending?

Almost 60 per cent of Canadians say they'd be in big trouble if they missed a paycheque, a survey by the Canadian Payroll Association showed Monday. The Organization of Economic Co-operation and Development warned that high debt levels have left many Canadians vulnerable "to any future adverse shocks." Also Monday, a Statistics Canada report showed household net worth fell 0.6 per cent in the second quarter, largely due to falling stock markets. Liabilities of households increased, meantime, led by mortgages and consumer credit.

Credit Canada's Laurie Campbell took your questions on how to tackle some of your personal finance issues.

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Ms. Campbell is the executive director at Credit Canada, a non-profit credit counseling agency that offers counselling to the financially distressed. She began her career at Credit Canada in 1990, moving to progressively more senior positions. She was responsible for the agency's education department, which presents seminars on money management and credit related issues to over 10,000 people each year, and was instrumental in the creation of Credit Education Week in 2006, now a national event.



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