What Happens If You Stop Paying Your Debts?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

A popular question on our Facebook is what happens when you stop paying your debts? On today's show, I sit down with Ted to discuss the consequences of defaulting on your loans and payments, and offer a solution better than walking away from your debts.

Do You Know What Happens If You Stop Paying Your Debts? Podcast 87, Transcript

Rebuild Credit with Doug Hoyes
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Listen to the podcast: What Happens If You Stop Paying Your Debts? It's the last show of the month, and as we do at the end of most months it's time for our frequently asked questions show here on Debt Free in 30. On most frequently asked questions shows we've got a list of five […]

2015 Bankruptcies: Ontario Recovery Insulates Ontario Debtor, Oil Economy Lays Bare Risk of Carrying Debt

Rebuild Credit with Doug Hoyes
Posted in In The News
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Has carrying debt become riskier? Maybe - the Office of the Superintendent Bankruptcy released their 2015 Annual Report today, detailing the number of insolvencies in each province. All provinces, with the exception of Ontario, experienced an increase. Canadian insolvencies by province are provided in a table at the end of this post. Click here for Ontario […]

Understanding the Credit Impact of Different Debt Relief Programs

Rebuild Credit with Doug Hoyes
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

In a previous article we compared the cost of 4 different debt relief programs and determined that in most cases a consumer proposal offers the lowest possible monthly payment, significantly better even than a debt management plan. Inevitably when we do this comparison the question comes up – but what about the impact on my […]

How to Rebuild Credit: 5 Simple Steps

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Eliminating your debts can be deeply satisfying. But it can be hard to know what to do next. In today's podcast, I give five simple steps on how to rebuild credit after a consumer proposal or bankruptcy. Listen to find out how you can get back on track and improve your credit rating.

How to Rebuild Credit After a Consumer Proposal or Bankruptcy - Podcast 86 - Transcript

Rebuild Credit with Doug Hoyes
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Listen to the podcast: How to Rebuild Credit: 5 Simple Steps Usually here on Debt Free in 30 we talk about how to get out of debt, and live debt free. So what happens if you follow the advice that our guests give, and you eliminate your debt. Then what? We spend most of our […]

How A Consumer Proposal can Improve Your Cashflow

Rebuild Credit with Doug Hoyes
Posted in Consumer Proposals
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

A consumer proposal is a safe and reliable way to get out of debt but it can also be the cheapest in terms of monthly payments. This is because it combines two substantial benefits over other debt repayment options: Debt forgiveness; and an Interest free repayment period. To illustrate we will look at a typical […]

Bill 156 - Is This The Payday Loan Regulation We Need?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

For those struggling with debt, it is easy to be drawn in by payday loans and get trapped on a payday loan debt cycle. In today's podcast, Doug Hoyes speaks with Jonathan Bishop, a Research and Parliamentary Analyst at the Public Interest Advocacy Centre, about Bill 156 and its potential impact on legislation surrounding payday loans.

Bill 156 and Payday Loan Regulation - Podcast 85 - Transcript

Rebuild Credit with Doug Hoyes
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Listen to the podcast: Bill 156 - Is This The Payday Loan Regulation We Need? Today we're going to talk about a topic we've discussed here before on Debt Free in 30, payday loans. You've heard me give my thoughts on payday loans and I've other licensed insolvency trustees and credit counsellors on the show […]

Is a Consumer Proposal a Good Idea?

Rebuild Credit with Doug Hoyes
Posted in Consumer Proposals
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

A consumer proposal is just one option for dealing with debt. As a debt relief approach it has it's own advantages and disadvantages over other programs that help you get out of debt.  For example: it can be better than bankruptcy if you have enough income to trigger surplus income payments or have assets that […]