May 30, 2026

Canadians hear a lot of advice about credit scores, but much of it is outdated, oversimplified, or borrowed from the U.S. and simply doesn’t apply here.

Does carrying a balance help? Does checking your score hurt it? Can you pay to remove bad credit? Does having a high income automatically mean a strong score?

Listen...

May 23, 2026

Most people assume paying their credit card on the due date means they’re managing debt responsibly. But timing matters more than most people realize.

Doug Hoyes and Ted Michalos explain why people who always make their payments on time can still end up carrying balances, paying unnecessary interest, and struggling to...

May 16, 2026

Most people do not end up in serious debt because of one huge mistake. It is usually a series of small decisions that felt reasonable at the time.

Doug Hoyes and Ted Michalos discuss seven important questions everyone should ask before borrowing money, whether it is for a car loan, line of credit, credit card...

May 9, 2026

From social media influencer culture to “buy now, pay later” spending, financial FOMO can quietly push people deeper into debt without realizing it.

Licensed Insolvency Trustee Maureen Parent from Hoyes Michalos breaks down how the fear of missing out impacts our financial decisions, why comparison culture can lead...

May 2, 2026

Credit card insurance is often presented as an easy way to protect yourself, but the details can be more complex than they appear.

We break down how it works, the different types of coverage available, and the fine print that can impact whether a claim is approved. From rising costs tied to your balance to common...