Understand the true impact of a maxed out credit card balance including how it can hurt your credit score and steps you can take to turn things around from budgeting to professional debt relief options.
Category: Dealing with Debt
Debt ads up over time. Spot the warning signs of debt problems so you can stop the slide into insolvency if possible. We explore what you can do if you struggle with debt repayment.
Category: Dealing with Debt
Learn the truth about 13 common credit card debt myths in Canada. Get facts about credit scores, collection rights, bankruptcy, and debt management from Canadian financial experts.
Category: Dealing with Debt
Understand your options for dealing with credit card debt in collections including how the process works, dealing with collection agencies, and exploring debt relief options like settlement, consumer proposals, and bankruptcy.
Category: Dealing with Debt
Paying down debt doesn't have to take big chunks of money. Doug Hoyes explains how to pay down debt sooner using micropayments and how it improves your financial situation.
Category: Dealing with Debt
Doug Hoyes explains the legal duties of the supplementary card holder in the event the primary card holder files for bankruptcy or a consumer proposal.
Category: Debts Discharged
Learn the pros and cons of paying off credit card debt with a personal loan. Understand the risks and what alternatives you have to deal with credit card debt.
Category: Dealing with Debt
We explain effective strategies for consolidating credit card debt in Canada and answer key questions and concerns about consolidating credit cards.
Category: Dealing with Debt
What happens if you are sued for credit card debt? We explain how to defend a lawsuit and explore debt relief options.
Category: Creditor Actions
Wondering if you can pay one credit card with another? Learn the pros and cons, smarter alternatives to reduce balances, and what to do if credit card debt feels unmanageable.
Category: Dealing with Debt
We know it can be stressful when you're unable to make your credit card payments. In this post, we help you understand the potential consequences if you fall behind on your credit card debt, as well as, options for eliminating debt.
Category: Dealing with Debt
Banks want you to pay more in interest, which is why they only ask you to pay the minimum balance each month. Find out how minimum payments keep you in debt and how to pay down credit card debt successfully.
Category: Dealing with Debt
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.
Category: Loans & Borrowing
The Bankruptcy & Insolvency Act states you must surrender all credit cards. Our experts offer advice on how to manage purchases without a credit card during bankruptcy and when you can apply for a new card.
Category: Debts Discharged
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.
Category: Loans & Borrowing
Consumers need credit for certain things, but can you get a credit card during a bankruptcy? Learn the pros and cons of obtaining new credit during, and after your bankruptcy.
Category: Bankruptcy Basics
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.
Category: Loans & Borrowing
We explain what you need to know about credit card use before bankruptcy, when you can get a credit card after filing bankruptcy and more in this guide to credit cards and bankruptcy.
Category: Bankruptcy Basics
