One of the many benefits of choosing Hoyes Michalos is that you're not only choosing one person to help you get out of debt, you're choosing a team. Our Licensed Insolvency Trustees have a variety of skill sets and each one of them brings something different to the table. We're able to pull from each […]
"Debt consolidation" is often a phrase that people associate and confuse with "debt relief". The belief is that if you consolidate your debt, you’ll be better off. But is that true? There are pros and cons to the different forms of debt consolidation. Whether or not it's right for you depends on your situation. Consolidating […]
We talk with licensed mortgage agent, Mark Moreau to get his take on loaning against your home. He talks about the process of refinancing a home through a secured line of credit or second mortgage.
Download Windsor Debt Consolidation Declined Case Study PDF Michael and Christine (not their real names) were a young Windsor couple experiencing cash flow problems. Mortgage payments, car loan payments, a bank loan to finish their basement and some over-used credit cards were using up most of their take-home pay. They approached their bank for help with a […]
Sometimes when faced with numerous loans and credit card bills, the first step people try is obtaining a debt consolidation loan. The attraction is obvious – a single, lower monthly payment where a lot of unmanageable monthly payments used to be. Remember a debt consolidation loan does not actually reduce your debt. While debt consolidation […]
The number one reason people take out a second mortgage is to pay off credit card debt! The question is will this help you clear up those debts? For some people it will and for others, it can create even more problems. Before you commit yourself to a possibly high interest second mortgage, here are […]