Different people generally have different ability to borrow money in Canada. There are several factors that govern whether you can borrow money and if so, what terms you get for the loans. A famous why not borrow money or to get worse condition when they borrow money in Canada is payment default. A payment default may be people who have been careless with their finances and missed paying their bills.

Other things that affect the conditions under which you get when you apply for a loan in Canada is your income if you have solid jobs, your economy is seen as safe, your economic history. Number of reasons that the different lenders use before giving a loan in Canada is long and the different actors have different reasons.