Debt Free In 30

Some Canadians are waking up to a surprise: reduced credit limits, frozen lines of credit, or cancelled credit cards…even with solid credit scores and no missed payments. Banks are pulling back on credit, and a good score might not be enough to protect you anymore. Find out why lenders are reassessing risk, why they are closing unused accounts, and what these changes mean for your finances as we head into 2026. 00:00 – Why people with good credit are losing access to credit 02:30 – Real examples of credit cards being cut or reduced 05:10 – Why this isn't personal, it's structural 07:20 – How banks have shifted from growth to defence 10:00 – Rising credit losses and what banks see first 13:10 – The connection to the 2026 mortgage renewal wave 16:00 – Why credit scores aren't protecting borrowers anymore 18:50 – The "shadow cut": limits reduced without warning 21:30 – Common mistakes borrowers are making right now 24:10 – Practical steps to protect liquidity 26:40 – Why this is a credit cycle shift, not a pers