Latest Avoid debt Podcast Episodes
152 - How to Plan Your Debt Relief
DebtMatters Podcast - July 05, 2024 13:00 - 18 minutesStatistics show that Canadians are falling deeper into debt. With high inflation and interest rates, most of us are under a lot of financial pressure as we combat the rising cost of living. Carrying debt can put a strain on our financial health and emotional well-being but It can be hard to find...
151 - Signs You Might Be in Financial Trouble
DebtMatters Podcast - July 01, 2024 13:00 - 18 minutesFinding yourself with unmanageable debt doesn't usually happen overnight. It is often a slow unnoticeable process that might start with being a few hundred dollars short every month. But the sooner you take action, the more options will be available. You’ll have the ability to make decisions bef...
150 - Tax Debt: Solutions That Work
DebtMatters Podcast - June 28, 2024 13:00 - 15 minutesOwing the Canada Revenue Agency (CRA) money can be overwhelming. This government agency has greater powers to collect compared to other creditors. What do you do when you simply cannot pay your outstanding tax debt? The good news is that there are ways that you can overcome debts owing to the C...
149 - A Guide to Consumer Proposals and Debt Relief
DebtMatters Podcast - June 24, 2024 13:00 - 18 minutesEverywhere you turn there is another report or survey about Canadian’s record high indebtedness. And alongside those reports we are inundated with offers to help. But be cautious and know that the only debt relief program administered by the federal government is a Consumer Proposal. And the onl...
148 - Breaking the Cycle: Strategies for Managing Debt Amidst Daily Expenses
DebtMatters Podcast - May 27, 2024 13:00 - 17 minutesDebt cycles are easy to fall into but with a little planning and some discipline, you don’t have to keep spinning your wheels. Acknowledging that you’re trapped in a cycle of debt is a good place to start. In this timely podcast, Licensed Insolvency Trustee, Derek Chase, talks about strategies f...
147 - The Benefits of Meeting with a Local Licensed Insolvency Trustee
DebtMatters Podcast - May 24, 2024 13:00 - 16 minutesIf you are already under stress as a result of your financial situation, it’s difficult to decide where to turn when looking for debt relief. Meeting with someone in person who has an office where you live can be helpful. Licensed Insolvency Trustee, Derek Chase explains the benefits of seeking ...
146 - How to Respond to Collection Notices and Protect Your Credit
DebtMatters Podcast - May 08, 2024 13:00 - 14 minutesAnyone can fall behind on debt payments especially in these uncertain economic times. Having unpaid debt turned over to a debt collector is a worst-case scenario for the majority of Canadians. But when this happens, it’s important to know how to minimize the impact if a debt collection agency do...
145 - How Bankruptcy Works for Individuals vs. Businesses in Canada
DebtMatters Podcast - May 06, 2024 13:00 - 16 minutesThousands of Canadian businesses exit the marketplace every year whether through filing Bankruptcy or just closing their doors. Many more are on a razor’s edge with the rising cost of servicing their debt due to higher interest rates. Today’s podcast looks at the cost of putting a business throu...
144 - Bankruptcy and Student Loan Debt
DebtMatters Podcast - April 05, 2024 13:00 - 17 minutesWhile most Canadians view student loans as an investment rather than an expense, they can become a burden after graduation. As the years go by and more unsecured debt is added, it can be a struggle to keep up. If you are contemplating filing for personal Bankruptcy in the hopes of discharging yo...
143 - Can You Switch Between Bankruptcy and Consumer Proposal
DebtMatters Podcast - April 01, 2024 14:00 - 19 minutesUnder the Canadian Bankruptcy & Insolvency Act there are two options that allow consumers to eliminate debt, filing a Bankruptcy or a Consumer Proposal. The option you chose is based on your personal situation at the time of filing. But what happens if your financial circumstances change? Can yo...
142 - Escape the Paycheque Trap
DebtMatters Podcast - March 15, 2024 13:00 - 18 minutesLiving paycheque to paycheque can be stressful, to say the least. A recent poll by Leger found that almost half of Canadians are living that way. Stepping off that treadmill is possible with a few sacrifices and a bit of hard work. Licensed Insolvency Trustee, Leigh Taylor talks about the payche...
141 - Cost of Living: Why Does It Matter?
DebtMatters Podcast - March 12, 2024 13:00 - 15 minutesEven though Canada’s economy is thriving in many ways, the rising cost of living is putting pressure on Canadian’s finances. As the price of goods continues to rise, household budgets are getting squeezed from all angles. Rising inflation is affecting most of us and in this podcast, Licensed Ins...
140 - Consumer Proposal vs. Bankruptcy: Making the Right Decision for Your Financial Future
DebtMatters Podcast - March 06, 2024 14:00 - 15 minutesThe top 2 insolvency options that provide debt relief in Canada are personal Bankruptcy and Consumer Proposals. Both resolve debt problems and provide legal protection from your creditors. However, they are significantly different from each other. Everyone’s situation is different and there is n...
139 - Facing Bankruptcy: What to Do Before, During and After You File
DebtMatters Podcast - March 04, 2024 14:00 - 17 minutesThe mere mention of the word Bankruptcy can send shivers down most people’s spines, but it doesn’t have to be a scary process. As with most fears, they stem from the ‘unknown’. Most people who have been through a Bankruptcy don’t tend to share their experiences. This podcast is meant to lift the...
138 - Marriage and Finances: Till Debt Do Us Part?
DebtMatters Podcast - February 15, 2024 14:00 - 16 minutesIt has been said that money can be like a silent third partner in a relationship. Whether you’re married or just starting to get serious with someone, it’s a good idea to cultivate open and honest communication about your financial situation. Licensed Insolvency Trustee, Bonnie Hooley has had a ...
137 - What Causes Bankruptcy and What Are the Consequences?
DebtMatters Podcast - February 13, 2024 14:00 - 18 minutesDebt is on the rise as Canadians deal with surging prices and interest rates. Many may not realize that they’re on the precipice, only making their minimum payments on a large amount of debt. But all it takes is one major change for the house of cards to fall. In this timely podcast, Licensed In...
136 - Get Your Finances Back on Track With a Debt Management Plan
DebtMatters Podcast - January 31, 2024 14:00 - 17 minutesBeing in debt doesn’t mean that you are bad at budgeting or don’t know how to manage your money. Right now, debt is affecting most Canadians. Having a plan to follow can help you pay off your debt faster so you can regain financial stability. In this podcast, Licensed Insolvency Trustee, Amand...
135 - How Fear of Bankruptcy Can Keep You Financially Stuck
DebtMatters Podcast - January 29, 2024 14:00 - 17 minutesCanadians’ debt is on the rise with increased interest rates and the soaring costs of living resulting in many teetering on the brink of insolvency. Still, most people cling to the notion that Bankruptcy only happens to 'deadbeats', but nothing could be further from the truth. In this podcast Li...
134 - Buyer's Remorse In Canadian Housing Market
DebtMatters Podcast - January 04, 2024 14:00 - 19 minutesOwning a home has traditionally been a solid form of investment. But with inflation at an all-time high, interest rate hikes are beginning to cause a slowdown in the real estate market. As the market continues to fall, many recent buyers are beginning to regret their decision to buy. In today’s...
133 - How Do I Pay Off Debt When Living Paycheck to Paycheck
DebtMatters Podcast - January 02, 2024 09:00 - 19 minutesThe latest polls have found that nearly half of Canadians are living paycheck to paycheck as the cost of living continues to rise. Household budgets are getting squeezed causing debt levels to increase. Once you find how much money you need to stay on top of your expenses, you’ll either need to ...
132 - Canada's Food Price Report Predicts Prices Will Rise - What You Can Do
DebtMatters Podcast - December 29, 2023 03:12 - 16 minutesA new report predicts that all food categories could rise by as much as 4.5% in 2024. This may mean that we need to be more diligent in how and where we shop and look for new opportunities to save on our grocery bills. This podcast features, LIT Derek Chase, strategizing ways we can fight back a...
131 - 5 Ways to Improve Your Finances in 2024
DebtMatters Podcast - December 21, 2023 13:41 - 15 minutesThe end of the year is a good time to reflect on the past year, not only on your physical fitness or weight but also on your finances. There may not be much you can do to control the uncertainties of the economy but you can create a plan to help you achieve your financial goals. This podcast gi...
130 - New Year Money Saving & Budget Tips For 2024
DebtMatters Podcast - December 14, 2023 14:45 - 17 minutesOver the last few years, Canadians have seen the ‘financial confidence’ drop. But that doesn’t mean that we shouldn’t still be planning for the future. Preparing a budget for the new year doesn’t have to take too much effort. You’ll reap the benefits of knowing where you stand in each upcoming m...
129 - How to Build a Holiday Budget to Avoid Credit Card Debt
DebtMatters Podcast - December 14, 2023 00:13 - 15 minutesThe increased cost of living and interest rate hikes have had a cumulative effect on most of Canadians’ finances this holiday season. Finding ways to keep within your budget can increase your well being. And you’ll thank yourself in the new year. As we head into this holiday season, Licensed Ins...
128 - When Should You Seek Debt Relief
DebtMatters Podcast - November 29, 2023 14:00 - 18 minutesDebt is a normal part of life for most people. Recent data from StatsCan shows that only 30.2% Canadians live debt free. But how much debt is too much and how do you know when it’s time to reach out for help? These are the questions Licensed Insolvency Trustee, Mark Marshall answers in this tim...
127 - More Canadians Are Living Paycheque-To-Paycheque
DebtMatters Podcast - November 28, 2023 06:23 - 16 minutesA recent Leger poll taken in September 2023 has found that nearly half of Canadians are living paycheque to paycheque as the cost of living continues to rise. Skyrocketing inflation means that there is less money available to save for emergencies or retirement. Is there a way to break this cyc...
126 - Should You Pay Debts First or Save
DebtMatters Podcast - November 11, 2023 10:27 - 16 minutesWith rising interest rates, paying off debt can feel like it has to be your only financial priority. But should you not be saving for those unexpected expenses that keep popping up? How do you build financial resilience in these challenging times? Savings versus paying down debt, it’s a balancin...
125 - Paying Off Your Credit Card With a Lower-Rate Card
DebtMatters Podcast - November 06, 2023 16:20 - 15 minutesCredit card spending in Canada has reached a historically high level. With such high demands for credit, credit card companies are finding ways to be more competitive. Some offer lower-interest or no-interest cards for a limited time when you do a balance transfer. But is it a good idea to pay o...
124 - What Happens When You Go Bankrupt in Canada?
DebtMatters Podcast - November 02, 2023 11:17 - 17 minutesPersonal Bankruptcy is a legal process overseen by the federal government to help Canadians who can’t afford to repay their debts find debt relief. The number of people struggling with insolvency has increased substantially as the cost of living remains high. No-one really wants to go bankrupt b...
123 - Saving for Your Child’s Education
DebtMatters Podcast - November 02, 2023 10:02 - 15 minutesWith the cost of living consistently increasing, many Canadians are stretched thin and trying to prioritize where their money is going. Saving for your child's education makes good financial sense and starting early means your money has more time to work for you. Canadian parents have a powerful...
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