Debt Relief Experts
Think Twice Before You Get a Home Equity Line of Credit
Should you consolidate credit card debt with a home equity line of credit? Find out how a home equity line of credit works and if it’s really the right choice for you.
Loans and Borrowing
The Benefits of Making Small Micropayments Towards Debt
Paying down debt doesn't have to take big chunks of money. Doug Hoyes explains how to pay down debt sooner using micropayments and how it improves your financial situation.
How to Get Debt Consolidation with Bad Credit
You have debt and poor credit. Can you get a debt consolidation loan and how much will this cost? We explain the consequences of a bad credit consolidation loan and give you options.
Never Loan Money to Family and Friends
Is someone you love asking you for a loan? How can you tell if you are financially stable enough to help them or not? Doug Hoyes explores this topic and provides a real-life story from a client.
What Type of Borrower Are You?
Your money behaviour impacts what type of borrower you are. We show you if you are a pay in full, saver, fee payer or payday loan borrower, and why it's important to know.
Burn Your Mortgage with Sean Cooper
Sean Cooper's first book "Burn Your Mortgage" was controversial since he paid off his mortgage in just 3 years. He talks about what you can learn from his experience to pay off your mortgage faster.
When Getting Another Loan Isn’t a Good Idea
Lenders might offer you more money to deal with your cash crunch, or to consolidation high interest loans like credit cards and payday loans. We explain when getting a new loan is a bad debt management option.
Will A Second Mortgage Clean Up All Your Debts?
If rising house prices has helped you build some equity in your home, is consolidating credit card and other consumer debt with a second mortgage worth it? Explore the pros and cons.
25 Debt Consolidation Tips From Our Experts
The Licensed Insolvency Trustees on our team have noticed an upward trend on debt consolidation in Ontario. Before you make this decision, learn the 25 tips on debt consolidation we've curated from our experts.
Can Debt Consolidation Hurt Me Financially?
Are you considering consolidating as a way to manage overwhelming debts? In this blog, we explore the pros and cons of various types of debt consolidation and provide an alternative solution.
Mogo Loans: Are They A Good Deal?
Mogo was one of the first new-age fintech lenders to enter the Canadian market. We review what this ‘sexy’ approach to lending really means for consumers and offer practical advice on the cost of getting a Mogo loan.
Should You Get A Wedding Loan?
After you pop the big question, the next big question might be how are you going to pay for the wedding? Dress? Honeymoon? We explore wedding loans vs credit cards, pre-martial debts and affordability.
5 Ways To Survive Without a Credit Card
Credit cards are required with some purchases for consumers, however filing bankruptcy means surrendering your cards. Doug Hoyes has 5 payment options if you don’t have access to a credit card.
What is the Maximum Amount of Interest I Can Be Charged in Ontario?
Interest depends on the types of loans you borrow. Ted Michalos explains what the criminal interest rate is in Canada, how payday loans are a trap and what to do if you have overwhelming monthly interest.
Payday Loan Lenders Tempt You With Good Customer Service
Many debtors are caught in a payday loan cycle, and as Licensed Insolvency Trustees we strive to educate on the harms these loans actually cause. One trap used is good customer service. Learn more here.