In this eye-opening episode of Debt Free in 30, host Doug Hoyes dives into the world of debt collection with Blair DeMarco of Kingston Data and Credit. Together, they unravel the complexities of debt collection and help you understand your rights from initial contact to facing settlement offers or legal threats. Whether you're grappling with old debts or dealing with aggressive collectors, this episode equips you with the knowledge and strategies you need to protect your credit and manage your debt effectively.

Timestamps and Titles:

00:00 - Introduction with Guest Blair DeMarco – How Collection Agencies Work

03:05 The Collection Process: Best Questions Answered

06:05 Understanding Your Rights: Statute of Limitations and Credit Reporting

12:10 Can You Be Sued by A Collection Agency?
15:00 Old Debt – How It’s Affecting Your Credit and What to Do About It
17:45 Insights on Handling Aggressive Debt Collectors
20:10 Consumer Proposals and Stay of Proceedings – Navigating Your Options

21:45 Debt Re-Aging – Creditors Can Reset the Clock

24:45 What to Say When Debt Collectors Call


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Resources:

Kingston Data and Credit

Wage Garnishing: Know Your Rights

Frozen Bank Accounts: What You Can Do Next

Stop Debt Collection Calls for GOOD

Special Thanks:

Blair DeMarco
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.

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

Never miss a practical tip on improving your financial health. Subscribe below where you listen to podcasts:

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Apple
Spotify
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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.

Can You Improve Your Credit Score Without Debt? | Debt Free In 30 | Ep 381. If you’re new to credit or have recently completed an insolvency filing, you may be thinking about ways to improve your credit score without taking on more debt. While debt is necessary to have in order to build your credit, there are some strategies to improve your credit score without taking on more debt. On today’s podcast, Maureen Parent, LIT, returns to discuss what makes up a credit score and how you can strategically improve it without a lot of additional debt. She also talks about the importance of utilization rates, how to build a long credit history, why cash savings and rent payments don’t count towards your score, and what to avoid so you don’t harm your credit. Tune in for lots of practical advice!

Links: How to Check Your Credit Report for Free: https://www.hoyes.com/blog/how-to-check-your-credit-report/

Straight Talk on Your Money by Doug Hoyes: https://www.amazon.ca/Straight-Talk-Your-Money-Financial/dp/1988344034