Debt Relief Experts
What To Do if You Can’t Pay Deferred Mortgage Payments
Doug Hoyes explains what happens with your principle balance and interest rates when you can’t afford your deferred mortgage payments. Learn about options you have to help you move forward.
Effective Strategies for Managing and Reducing Debt
Barriers to Solving Debt Problems
Lacking the financial knowledge of how to successfully solve your debt issues? Explore the most common barriers Canadians face when paying down debt and discover steps on how to better manage your balances.
What Happens When You Face a Tax Bill for CERB Payments?
The utilization of CERB payments for eligible Canadian’s counts as taxable income. We explain your options if you can't pay your CERB or CRB tax obligations.
Dealing with The Consequences of Loan Deferrals When the Deferral Period Ends
During the pandemic, many Canadians have opted for loan deferrals, but what happens when that deferral period ends? We explain the consequences of deferral and how you can recover when payments are due.
What To Do If You Owe Back Taxes to CRA
Owing money to the CRA can be stressful, especially as penalties and interest begin. We’ll show you what options are available to you if you can’t afford those payments and what your next steps should be.
How Can I Consolidate My Student Debt?
Lots of young Canadians are struggling with repaying their student loans for a variety of reasons. But does consolidating government student debt make sense and what other options do you have?
Can You Go to Jail for Not Paying Your Debts?
A common, but false, tactic debt collectors use to scare is the threat of jail for unpaid debts. Unless you have committed fraud, find out why jail is not a risk if you default on your debt payments.
20 Warning Signs You Have a Debt Problem & What To Do Next
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.
Should I Sell My Assets to Pay Off Debt?
Will selling your assets be the solution to your debt problems? What assets should you never liquidate to pay off debt? Doug Hoyes and Ted Michalos explain how to pay off debt and keep key assets.
Getting Out Of Debt Requires A System, Not Just A Goal
Do you have a financial goal and are struggling to stick with it? We explain differences between setting goals vs systems, and the benefits of using a system approach to get yourself out of debt.
Should You Use Your Bonus To Pay Off Debt?
Do you have unpaid debts piling up and have recently received some unexpected income? Find out 9 ways to spend this money efficiently and how to avoid common mistakes we see when people get a bonus.
What to Do if You are in Default on your Loans
Have you missed several months of debt payments and wonder what the implications are? We explore what it means to default on a loan, how it affects your credit, what options you have and more.
Walking Away From A Mortgage in Canada
Are you unable to meet your mortgage payments, and are wondering what options you have next? Doug Hoyes explains mortgage shortfalls, full recourse mortgage laws in Canada and how to manage them.
Which Debts Should You Pay First?
If you have multiple debts, you need a plan for repayment. We explain whether you should pay high dollar or high interest debts first, when to use balance transfers and what to do when balances are too large.
How to Pay Down Massive Debt: A Realistic Approach
How do you pay off a large sum of debt, say $20,000 or $30,000 or even $50,000? Doug Hoyes explains what you need to consider when tackling big debt loads.
Minimum Payments on Credit Cards are Keeping You in 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.
52 Tips to Avoid Debt
Learning how to successfully avoid debt is an important step towards having a financially stable life. We asked our team of experts for their input and they came up with 52 easy-to-use tips for avoiding debt!
How to Solve Debt Problems
Do you want to learn effective and simple strategies that can help you avoid or solve unwanted debt problems? In this blog, we explore our top 10 tips you need to successfully navigate your debts.
Helping Family Financially Not Always A Good Idea
Do you have a loved one asking you for financial support? Learn about three personal stories from our clients, questions to ask yourself before lending money, and other ways you can help them out.
10 Tips for Dealing with CRA and Tax Debt Problems
CRA tax debt problems can build up. Our experts, Doug Hoyes & Ian Martin talk about how to avoid a big tax obligation and what to do if you do face a large amount of taxes owing.
What To Do When You Are Using Debt To Make Ends Meet
Have you turned to credit cards or payday loans to help with your monthly expenses? Explore the warning signs that you're falling into debt, how to re-balance your budget and options you have to deal with your debts.