Debt is sometimes divided into two categories - good and bad. It’s important to understand the difference between the two so you can improve your financial situation. But as we all know, nothing is ever all good just like nothing is ever all bad. Can good debt turn into bad? And is there ever a circumstance where bad debt turns into good?

In this timely podcast Licensed Insolvency Trustee, Bonnie Hooley, lifts the lid on Canadian’s finances and their debt. Topics covered include:

• Resisting the urge to overextend when taking out a mortgage
• Intelligent ways to use credit cards 
• When renting may be better than buying
• Cash back credit cards with annual fees
• Using a secured line of credit to pay off unsecured debt

Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of finances and debt management from budgeting to Bankruptcy.They are considered some of the best debt consultants in the country and will provide you with unbiased advice. 

About Bonnie Hooley

Bonnie Hooley has worked in the insolvency field for over 40 years. She attained her Licensed Insolvency Trustee license in 1999 and is the Past President of the Manitoba Association of Insolvency and Restructuring Professionals (MAIRP). Over the years, she has served on various boards within her community.

Additional Resources 

• LCTaylor Licensed Insolvency Trustee
• When Debt Is Not A Four Letter Word
• What is Debt Consolidation?

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