millennial money

26 – Millennial Money: Millennials and Their Financial Problems

Today’s podcast looks at the millennial generation and their relationship with money. Matthew Fader, Licensed Insolvency Trustee with Allan Marshall & Associates, delves into what kind of debt is incurred by different age groups, and why.

addiction and debt

25 – Addiction and Debt Problems: How to Deal With Them

Licensed Insolvency Trustee, Matthew Fader with Allan Marshall & Associates, takes a look at how addictions can affect household debt. Addictions are not as easy to spot these days – as online gambling and shopping have evolved over time. 

licensed insolvency trustee

24 – What Is a Licensed Insolvency Trustee and How Can They Help?

Choosing a debt advisor is an important step in debt recovery. The market is flooded with unlicensed and unregulated ‘debt consultants’ who charge a fee and then refer debtors to a Licensed Insolvency Trustee. In this podcast Licensed Insolvency Trustee, Derek Chase, explains in detail who these professionals are and what they do.

good debt vs bad debt

23 – Differences Between Good Debt and Bad Debt

According to the latest Stats Canada report there was $1.73 in ‘credit market debt’ for every $1.00 of household disposable income. Canadians are taking on more debt. But taking on debt is fine as long as most of it is ‘good debt’.

when to declare bankruptcy

22 – When to Declare Bankruptcy in Canada

As the COVID-19 pandemic drags on, debt-ridden Canadians are seeing their quality of life diminish. Seventy percent of those surveyed say that new debt is making their quality of life worse. If you are struggling, you may be wondering just when you should be reaching out for help.

bankruptcy demographics

21 – Bankruptcy Demographics: Who Files for Bankruptcy?

Although the COVID-19 pandemic has likely created more financial distress for Canadians, Bankruptcy filings have declined. However, there is often a delay between when people start to recognize the severity of their debt problems and when they take action. Who are the people that file for Bankruptcy? You may be surprised. Licensed Insolvency Trustee, Jillian Taylor-Mancusi of LCTaylor delves into who the typical debtor is and why they end up declaring Bankruptcy.

credit limit increase

20 – When Should You Accept a Credit Limit Increase

While it may be flattering to receive a line of credit offer or a pre-approved credit card limit increase, you should think twice before accepting. You need to weigh the benefits against the risks. Francyne Meyers, Licensed Insolvency Trustee with Allan Marshall & Associates, looks at the advantages of accepting a credit limit increase.

good credit score

19 – How to Obtain a Good Credit Score

Your credit rating is a score that is used by potential lenders that tells them how much of a credit risk you may be. Most people know they need a good credit history to give them a good credit score. Few of us know how the scoring system works or what we can do to improve our ratings. Licensed Insolvency Trustee, Francyne Myers of Allan Marshall & Associates, sheds some light on this subject.

budgeting tips

18 – Budgeting Tips to Improve Your Finances

One of the most important things you can do to live a healthy, happy and secure life is to develop basic personal financial skills. In today’s podcast Licensed Insolvency Trustee, John Adamson, shares his thoughts on how to make budgeting as stress-free as possible.

debt solutions

17 – Debt Solutions for People With Debt

A recent survey showed that 43% of Canadians added to their existing debt thanks to the pandemic. In this podcast, John Adamson, Licensed Insolvency Trustee, discusses the two most popular options of debt relief. Today’s discussion focuses on the differences between filing a Consumer Proposal and Bankruptcy.