Did you know that almost half of the insolvencies filed in Ontario involve payday loans? Our experts explore the statistics on how these predatory loans create more debt and why legislation won't help.
Every year we explore the top 10 Canadian economic factors that affect consumer debt and insolvency filings in Canada. Doug Hoyes explains what's behind the trend in debt levels, affordability and more.
What can a debt consultant really do for you? The Office of the Superintendent of Bankruptcy released a report that delves into the unnecessary and harmful role debt consultants play in debt management.
Payday loan use is on an alarming upward trend, and resulting in significant debt problems for millennials. Find out more about our current debtor statistics and how payday loans contribute to these issues.
Payday loans seem like a solution to a cash flow crisis but for many they are a cycle into long term debt. Doug Hoyes explains the dangers of payday loans for consumers and reveals alarming results from our research.