Hoyes Michalos

In a country where owning a home seems like a distant dream for many young Canadians, the federal government is proposing legislation to protect renters’ rights and make housing more attain...

https://www.hoyes.com/blog/should-rent-be-a-part-of-a-credit-score/

As a credit cardholder, one of your most important financial challenges revolves around credit card debt management. Your goals should be to keep outstanding balances low, avoid high interest rat...

https://www.hoyes.com/blog/should-you-pay-credit-card-debt-with-another-credit-card/

Hoyes, Michalos has been tracking and reporting on homeowner insolvencies since 2007. Our homeowner insolvency index peaked in 2011 at 29.1% and has fallen steadily, reaching a low of 1.6% in 202...

https://www.hoyes.com/blog/will-homeowner-insolvencies-rise-and-by-how-much/

For Canadian homeowners, the mortgage renewal process is a significant aspect of their homeownership journey. While the prospect of mortgage renewal brings the promise of negotiating better terms...

https://www.hoyes.com/blog/what-to-do-if-your-mortgage-renewal-is-denied-in-canada/

On March 10, Reddit exploded with reports of old City of Ottawa debts mysteriously appearing on credit reports. Based on reporting from CBC Ottawa, on January 12, 2024, the City of Ottawa signed ...

https://www.hoyes.com/blog/how-old-tickets-and-fines-can-destroy-your-credit-score/

Dealing with financial challenges often involves navigating through a web of debts, each with its own rules and consequences. Secured and unsecured debts pose different considerations, and unders...

https://www.hoyes.com/blog/how-a-consumer-proposal-in-canada-affects-secured-debt/

Consumer proposals in Canada are a debt relief solution for individuals drowning in debt, offering a structured plan for financial recovery. In this article, we'll explore how a consumer proposal...

https://www.hoyes.com/blog/how-a-consumer-proposal-works/

The past year has seen a steady erosion in financial stability for Canadian debtors. The result is that consumer insolvencies are rising rapidly. In my year-end post, I will outline what is behin...

https://www.hoyes.com/blog/will-the-federal-government-finally-put-an-end-to-unregulated-unlicensed-debt-consultants/

The past year has seen a steady erosion in financial stability for Canadian debtors. The result is that consumer insolvencies are rising rapidly. In my year-end post, I will outline what is behin...

https://www.hoyes.com/blog/2023-debt-statistics-and-what-it-means-for-consumer-insolvencies/

A payday loan may be tempting, especially when you are in need of an emergency expense but beware! They do more harm then good and can put you into serious debt. Doug Hoyes explains the pros and ...

https://www.hoyes.com/blog/the-pros-and-cons-of-using-a-payday-loan-for-emergencies/