Debt Relief Experts
Why Payday Loans Won’t Go Away
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.
Viewpoints
Payday Loan Use Among Heavily Indebted Borrowers on the Rise
Learn more about trends of payday loan use with regards to Ontario debtors. In this blog post we provide actual data based on the insolvencies we have filed over the last year for our clients.
10 Key Canadian Debt Statistics That Explain Consumer Insolvency Growth in 2019
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.
Let’s Call a Spade a Spade: Credit is Debt
Are credit and debt interchangeable? Find out why banks and credit card companies choose to use the phrase credit card, credit rating and credit score, despite credit really just meaning debt.
Financial Literacy Needs More Thinking and Less Math
Many people think financial literacy is about learning terms, doing lot's of math like making a budget. Doug Hoyes explains why critical thinking is a more important skill to managing your money.
Renaming of the Air Canada Centre: Real Estate Status Symbol or Bad Omen?
Even big companies can have buyers remorse. Doug Hoyes looks at how big companies make spending decisions based on wants and desires and what you can learn for your own finances.
Why Minimum Wage is Not a Living Wage
Did you know that the average individuals that files for insolvency has an income problem, not a debt problem? We explore the comparison between minimum wage and living wage, and offer a solution.
Homeowners Banking On Their Home Equity
Overleveraging your home equity can lead to insolvency. Doug Hoyes talks about how to cope with debt when faced with the high cost of home ownership.
Use of Debt Consultants Questioned by OSB
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.
Seniors Turning To Payday Loans A Scary Trend
An alarming trend we have noticed recently is the amount of debt seniors are accruing from payday loans. Ted Michalos explores why we have observed these changes and how we can break the cycle.
Millennials Heavy Payday Loan Users and It’s Costing Them Bigtime
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.
Yes, We Have A Payday Loan Crisis
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.
Why Doesn’t the Federal Government Consult Their Own Debt Literacy Experts?
Canadians are suffering from a lack of not only financial literacy, but also debt literacy. In this blog we explore what the National Steering Committee on Financial Literacy is and what it lacks.
Gender Bias in Financial Preparedness
Our annual Joe Debtor study revealed differing reasons for why women and men become insolvent. Doug Hoyes talks with Georgia Graham of WEST about skills women need to become more financially prepared.
Privatize CMHC? A Politician Says Yes
The Canada Mortgage and Housing Corporation insures mortgages where Canadians have less than a 20% down payment and has an 80% market share. In this blog we explore whether CMHC should be privatized.