Debt Relief Experts
Beware The Payday Loan Modification Trap
Payday lenders will try anything to collect. Loan modification agreements do not alter the ability of your bankruptcy or proposal to wipe out these debts. Learn about these traps from Ted Michalos.
Payday Loans
Why Credit Counselling Doesn’t Help with Payday Loans
Have you fallen into the payday loan trap, and are now struggling to pay them back? Find out why credit counselling may not be the best solution to deal with payday loans and what a better option is.
Can I File Bankruptcy for Payday Loans in Canada?
Taking on another payday loan to pay back existing payday loans is not the answer. Learn how a bankruptcy or consumer proposal can eliminate payday loan debt and get the help you need to break the cycle.
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.
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.
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 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.
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.
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.
Clamping Down On Payday Loans & Regulating Alternative Lenders
Payday loans are detrimental to consumers, as we observe firsthand through our firm. Our experts dive into the world of alternative financial services and what our ideas are for regulating this industry.
Payday Loan Help. What Are Your Options?
Have you been in a situation where you resort to payday loans for quick cash? We provide everything you need to know about payday loans in a slideshow and steps you can take to eliminate these debts.
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.