Debt accumulates over time, a little bit here, a little bit there. You don’t notice the balance growing until it’s too late. Why not take the same approach to pay off debt? Making multiple, small... Read more »
Yes, we’ve had years of relatively low and stable interest rates in Canada, but no more. On October 24, 2018, the Bank of Canada increased its benchmark interest rates another 25bp to 1.75%, the fifth... Read more »
When you carry a lot of credit card debt, typically on more than one credit card, a common debt management solution is to get a debt consolidation loan. But, if you’ve fallen behind on your monthly... Read more »
Should you ever loan money to family and friends? It’s a tough question. Some of you might say, “sure, why not?” And others might think, “Maybe just to family.” Well, if you do decide to... Read more »
How fast do you pay off your monthly credit card charges? People frequently do not know the full terms and conditions of their credit cards, bank loan or line of credit. Do you know what... Read more »
Sean Cooper returns to our podcast to talk about his new book, Burn Your Mortgage, published on March 1, 2017. Sean worked up to 80 hours a week for many years to save for a... Read more »
Life today is expensive. Many people find themselves without enough money to cover their living expenses. With the increasing cost of housing, utilities, cell phones, insurance, groceries, and clothing – the list of expenses seems... Read more »
If you have a lot of credit card debt and own a home, you may be thinking of getting a second mortgage to pay off debt. Interest rates are low, and home values are rising.... Read more »
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... Read more »
“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... Read more »
My guest today is Kerry K. Taylor. Her website, Squawkfox, is considered by many to be the “gold standard for personal finance blogging”. I’ve followed Kerry’s work for many years, so I was very interested to... Read more »
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... Read more »
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... Read more »
Interest rates are the price lenders charge to use money we borrow. The riskier the loan, the higher the interest rate. That’s why different types of loans have very different rates. The Bank of Canada... Read more »
I recently participated as a speaker at a Financial Health and Literacy Workshop put on by the Guelph-Wellington Task Force for Poverty Elimination. While the purpose of the meeting was to provide information for community... Read more »
Debt Relief Experts
