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520 – Expert Insights on Getting Out of Debt (Compilation)
Manage episode 434735908 series 3592019
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Explore essential financial topics and practical advice to overcome debt and achieve financial stability. If you’re struggling with high-interest debt, considering installment loans, or exploring mortgage refinancing, this compilation video offers valuable tips and actionable advice. Financial expert Doug Hoyes, co-founder of Hoyes Michalos, and his guests provide insights into effective debt management strategies, including the benefits and pitfalls of various financial tools and methods. Discover expert guidance on avoiding high-interest traps, practical steps for debt repayment, and effective strategies for reducing debt.
Timestamps: 0:00 Understanding Debt: What You Need To Know
2:55 What Are Installment Loans for Credit Cards?
8:30 Expert Credit Card Advice: Secrets Banks Don’t Share
10:45 Variable vs. Fixed Mortgage Rates Explained
11:45 Should You Sell Your House to Eliminate Debt?
16:00 Consumer Proposals: Mortgages and Home Equity
18:40 Considering Refinancing Your Mortgage
20:40 Avoiding High-Interest Debt Traps
21:50 Debt Consolidation Loans: Problems and Pitfalls (feat. Scott Terrio)
24:20 Installment Loans and Payday Lender Risks (feat. Scott Terrio)
28:10 Effective Ways to Start Paying Off Debt - Snowball vs. Avalanche
33:10 What to Do When Debt Repayment Methods Fail
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Resources:
Credit Card Debt Consolidation in Canada: What You Need to Know
Dealing With Debt Living Paycheque to Paycheque
Consumer Proposal FAQ’s Answered
Hoyes, Michalos and Associates YouTube Channel How To Deal With Higher Interest Rates When Debt Consolidation Doesn’t Go As Planned Rising Interest Rates And Debt: What Can You Do?
Special Thanks:
Scott Terrio - Manager, Consumer Insolvency at Hoyes Michalos https://ca.linkedin.com/in/scott-terrio
Disclaimer The information provided in the Debt Free in 30 podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personalized advice from a qualified financial advisor. Always consult with a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions or strategies discussed.
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