Debt Relief Experts
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.
Loans and Borrowing
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.
Does The Mortgage Lender You Choose Matter?
Certain types of mortgages and mortgage lenders lead to higher risk for insolvent homeowners. Learn about why alternate, private mortgage market and non-bank lenders may not be the best choice.
7 Reasons Why Credit Cards Can Be So Dangerous
Credit card use has increased across all demographics in Canada. In this blog find out how one of our clients fell into debt using credit and learn 7 signs that signal you're in credit card danger.
Should I Borrow To Pay Off My Consumer Proposal Early?
Loans are available for individuals completing a consumer proposal. In this blog, learn about the pros and cons of borrowing to pay off your proposal earlier and 3 alternative ways you can do this.
Good Debt Vs Bad Debt. Personal Finance Experts Weigh In.
We’ve all heard about the idea of good vs bad debt, but what does this mean? Our experts dive into this conversation and offer their insights on how to tell if you have good vs bad debt.
Consumer Alert – Late Payment Penalty Rates on Credit Cards
Interest rates on credit cards are some of the highest among all available borrowing options. Ted Michalos explains why it's important to read those terms and conditions update when they come in the mail.
Mortgage of 85% Or More A Bankruptcy Risk
Mortgages give people the ability to buy homes, but is there such a thing as a mortgage that costs too much? Doug Hoyes explores high ratio mortgages and what you can do if you can’t afford your mortgage.
8 Alternatives to Payday Loans
Have you ever run low on cash before your next payday? What solution did you use? If your answer is a payday loan, find out why they aren’t the best choice and 8 alternatives you could use instead.
Failed Debt Consolidation. Now What?
People struggling with debt often turn to debt consolidation first, which is not the best choice for everyone. Find out common reasons why debt consolidation usually fails and what your alternative options are.
The Marketing Of Consumer Debt. Avoid The Traps.
Credit is so much easier to get today and so many companies have entered the fray. Ted Michalos explains why lending is such a big business and what to look for before you take on more debt.
Understanding Credit Helps You Avoid Debt
To make good financial decisions, you need a decent understanding of financial literacy. Doug Hoyes explains a few basic concepts about credit and borrowing to help you avoid overwhelming debt.
The Average Joe and Jane Guide to Smart Borrowing
Smart borrowing will set you up for financial success in the future. In this simple guide we’ll explain the basics of what credit is, tips on how to manage credit and common borrowing mistakes to avoid.
How To Pay Credit Cards – Pay More Than The Minimum
It seems like a simple concept, but some people do find themselves in a vicious cycle of only paying the minimum amount. Ted Michalos explains why paying more than the minimum benefits the consumer.