Debt Free in 30 · Doug Hoyes

What New Canadians Should Know About Credit and Debt

·30 min·3 clips
Doug Hoyes reveals how Canadian banks aggressively target immigrants with credit offers within weeks of arrival.
Doug Hoyes and Ted Michaelis discuss how Canadian banks target newcomers with credit offers, the unique financial challenges immigrants face, and practical advice on building credit and dealing with debt, including options like consumer proposals or leaving the country.

As heard by us

A clear warning about newcomer credit offers, debt, and the case for saving first.

Doug Hoyes and Ted Michaelis treat the question plainly: yes, the credit offers are deliberate, and they follow from lenders competing for newcomers. The stronger point is not the marketing itself but the timing.

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Why you'd press play

You want a blunt take on how newcomers in Canada get pushed into credit before they are ready.

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