596 – What To Do First When You're Behind On Bills

596 – What To Do First When You're Behind On Bills

Author: Doug Hoyes January 31, 2026 Duration: 30:55

Behind on bills and not sure where to start?

If money is tight and payments are stacking up, this episode gives you a clear starting point. Doug Hoyes and Licensed Insolvency Trustee Maureen Parent break down what to prioritize first, what can safely wait, how to handle creditor calls, and when it makes sense to look at a more permanent fix.

A practical, no-panic roadmap for protecting the basics, stabilizing cash flow, and making informed next steps when the math isn't working.

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(00:00) Falling behind doesn't mean you failed
(03:10) The first 48 hours: what to pay first
(07:00) Rent, mortgage, and car payments: how to prioritize
(11:00) Utilities, phone, and internet: hardship options
(14:30) Credit cards and lines of credit: what can wait
(17:45) Payday loans and why they make things worse
(20:30) Taxes and CRA debt: what actually helps
(23:00) Calling creditors: what to say and what to track
(25:30) Building a 30-day survival budget
(28:00) When to consider a formal solution


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.


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 100

Debt Free in 30
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