Debt Relief Experts
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.
Viewpoints
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.
Basic Income. Is it a Silver Bullet for Poverty?
Solutions for ending poverty are often controversial. One idea that has sparked recent interest is the concept of basic income. In this podcast Doug Hoyes explores the costs and criticisms regarding this option.
Why is Walmart Really Fighting Visa?
Walmart expressed their opinion that Visa was charging too much for their interchange fees in 2016 and wanted to remove the platform from their stores completely. Find out the real reason Walmart did this.
Why the Ontario Government Didn’t Come Down Hard Enough on the Payday Loan Industry
Payday loans are a large part of severe debt problems in Canada, and the Ontario government is not addressing the issue adequately. Learn about payday loan costs and what we believe will help mitigate this industry.
Skirting the Essence of Ontario’s Debt Settlement Laws
The key purpose of Ontario’s debt settlement laws is to diminish consumer abuse by debt settlement companies. We explore how these agencies have changed their tactics but not for your benefit.
Is the Canadian Housing Bubble about to Burst?
Real estate prices in Canada are outrageous and consumers wonder if the housing market will crash. Our experts explore signs that the housing bubble is bursting and what to do if you are looking for a home.
Bill 156 – Is This The Payday Loan Regulation We Need?
Many debtors filing for insolvency have fallen into the payday loan trap at some point in time. In this blog we review the history of payday loan legislation in Ontario and possible future solutions.
Creating A Better Payday Loan Industry
The payday loan industry is thriving in Canada; it keeps consumers coming back and causes them to fall into more debt. We explore ways to solve this problem, the role of government regulations and more.