Tag Archives: credit

How to Decide if You’re Ready to Declare Bankruptcy

By Doug Hoyes, Founder and Trustee, Hoyes, Michalos & Associates You have debts, so you are considering the obvious permanent legal solution: Declaring bankruptcy or filing a consumer proposal. All of your debts will be eliminated, and you can get…

Cash or Credit? US Government Sues Credit Card Companies

The Department of Justice (DOJ) sued the three largest credit card companies on Monday, alleging anticompetitive practices. Specifically, the suit was filed against Mastercard, Visa, and American Express, alleging that the companies encourage merchants to prefer certain types of credit…