Each week Doug Hoyes talks to industry experts about debt, money, and personal finance. Don’t be confused; listen as the guest experts cut through the jargon and share practical advice.
A high score does not always indicate stable finances.
It is possible to keep up with most of your bills and maintain a decent credit score while still feeling like you are falling behind. When cash flow is stretched, even when you are trying your best to stay on top of things, the situation can quietly get worse.
This episode breaks down why cash flow, not a credit score, determines whether you can keep up with real expenses. It covers the warning signs, the common advice that backfires, and what to focus on when money is tight. If debt is not going down and money is not lasting the month, this conversation reframes what matters most and what to do next. FREE Canadian Credit Repair Course and NEW Budgeting ResourcesLicensed Debt Relief in Canada – Debt Help StartsDebt Free Digest Monthly E-Newsletter Sign Up HereConsumer Proposals in Ontario: Everything You Need To KnowDebt Repayment & Consumer Proposal CalculatorHoyes Michalos YouTube Channel – Reliable Canadian Debt Answers by Experts 00:00 Good credit score, but still struggling 04:00 What a score doesn’t tell you 06:15 Cash flow explained (and why it matters more) 09:00 The tipping point: negative cash flow 11:30 Advice that sounds right (but backfires) 15:00 How people end up worse when protecting their score 21:00 What to prioritize in a financial crisis 24:00 How fixing cash flow improves your credit 26:30 When your credit score does matter 28:30 Practical first steps and warning signs
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 personal guidance from 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, strategies, or digital tools/apps discussed.