What Type of Borrower Are You?

Posted in Debt Help

Household debt is rising rapidly in Canada. While much of the blame can be attributed to the attractiveness of super low interest rates, mortgage debt and rising house prices, individually you may have more debt because of the way you borrow and make payments. People frequently do not know the full terms and conditions of […]

5 Surprising Reasons Why You Might Be In Debt

Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Popular wisdom says that personal debt builds when you live beyond your means, using credit to pay for what you can’t afford. All true, but what about the family that doesn’t live large, isn’t taking a vacation every year, yet find themselves facing a boatload of debt? Here are 5 reasons why your debt might […]

From Employee to Consultant Leads to Personal Debts

Posted in Success Stories
Posted by Scott Schaefer, CPA, CA, CIRP - LIT

Transitioning from employee to consultant isn’t easy no matter how you get there. Some make a conscious decision to start up a business on their own, others shift into the role of consultant after a job loss. Regardless, if not planned out carefully, the migration from employee to consultant can lead to unexpected personal debts […]

Should You Get A Wedding Loan?

Posted in Money Tips
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

You’ve been planning your wedding down to the last small detail including the big question – how are we going to pay for this? Should you take out a wedding loan or use your credit card to cover some of the costs of your wedding or honeymoon? Let’s consider the concept of good debt and bad […]

When Is Overdraft Protection A Bad Idea?

Posted in Money Tips
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Overdraft protection seems like a good idea. You pay a service fee to cover you for the unfortunate time or two, that your bank account is temporarily short of funds, avoiding costly returned or NSF cheque charges and the embarrassment of having your payment bounce. According to one big Canadian bank “it helps you manage […]

5 Ways To Survive Without a Credit Card

Posted in Money Tips
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Most people would agree that it’s almost impossible to live without a credit card today. We no longer operate in a cash only society, in fact the use of cash to pay for things is on the decline in Canada.  Without a credit card you can’t easily book a hotel room or make a purchase […]

What Happens If You Stop Paying Your Debts?

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

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.

Tired of Making Credit Card Payments and Getting Nowhere

Posted in Success Stories
Posted by Howard Hayes, Btec, CIRP - LIT

If you owe $5,000 on a credit card your minimum payment is $100. In all likelihood you can afford to pay more than that in order to reduce your balance. Owe $25,000 in credit card debt and your minimum credit card payment is $500. Now you’re reaching the territory where all you can afford is the […]

Tips to Protect Yourself From Identity Theft and Fraud with Kelley Keehn

Podcasts
Posted in Money Tips
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Listen to our full podcast for tips on how to protect yourself from identity theft and fraud from author and personal finance expert Kelley Keehn. Kelley's newest book is Protecting You and Your Money, a Guide to Avoiding Identity Theft and Fraud.

Why It's Important To Do Your Financial Research

Podcasts
Posted in Money Tips
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Alyssa Furtado, founder of Ratehub.ca explains why it's important to compare financial products to get the best rates and features for your financial situation.