John C. Thompson

Retired Senior Vice President and Licensed Insolvency Trustee (LIT) with BDO Canada Limited

[John C. Thompson @JCThompsonLIT]

Some good strategies to restore credit. https://t.co/OjIvWNnIvS

[BDO Debt Solutions @BDODebtSolution]

#Subscriptions are like clothes in your closet. If you haven’t used it in a year, let it go. #DailyDebtTip

[BDO Debt Solutions @BDODebtSolution]

Got a #TaxRefund? Use some of it to top up your emergency fund, especially if you’ve found it hard to do that recently. #DailyDebtTip

[BDO Debt Solutions @BDODebtSolution]

Who would you least like to co-sign a loan with?

[BDO Debt Solutions @BDODebtSolution]

You’d have an #EmergencyFund for the same reason you’d bring an umbrella with you on a cloudy day. #MoneyManagement https://t.co/p7HsmVBBMp

[BDO Debt Solutions @BDODebtSolution]

#Top10 steps to better #FinancialHealth. Step 3: Make a budget. Think of it as a plan that accounts for your income and expenses to achieve the financial goals you set while keeping you motivated. #DailyDebtTip

[BDO Debt Solutions @BDODebtSolution]

Interest rates are still going up. How will it affect your debt? Here are 4 ways to prepare. https://t.co/RbKwvLFnh9

[BDO Debt Solutions @BDODebtSolution]

#Bankruptcy stops #DebtCollection calls and freezes interest so your #debt won’t grow any larger. Understand all the benefits to make a decision on bankruptcy as a #DebtSolution. https://t.co/DYplkRrMY2

[BDO Debt Solutions @BDODebtSolution]

Do you have a list of financial goals? Whether it’s becoming #DebtFree or saving for a purchase, writing down a few things to work towards can be a great motivator for #Budgeting and #MoneyManagement #DailyDebtTip

[BDO Debt Solutions @BDODebtSolution]

A joint #debt between spouses can affect each of their #CreditScores. If you’re married or divorced, put your joint accounts in order, even if you don’t feel responsible for them. #RelationshipsAndMoney https://t.co/bTWOC3gkPe

[BDO Debt Solutions @BDODebtSolution]

"#LITsCanHelp video series.

Meet John Thompson, Licensed Insolvency Trustee from our Sault Ste. Marie office answered the question: What is your number one budgeting tip?"

[BDO Debt Solutions @BDODebtSolution]

"#LITsCanHelp video series.

Meet Mike Braga Licensed Insolvency Trustee from our Kitchener office answering the question: How do you talk to your partner about debt?"

[Chester Szypula @ChesterSzypula]

You may think it is insignificant, but late fees and interest charges can really add up. Keep a close watch on deadlines and try to atleast make the minimum monthly payments. When payments are missed, that can impact your Credit significantly. https://t.co/rayctNOKYh

[BDO Debt Solutions @BDODebtSolution]

What does life after #Bankruptcy look like? Find out what you can expect from mandatory #CreditCounselling and your first steps towards #CreditRepair. https://t.co/lUqKCGfWC8

[BDO Debt Solutions @BDODebtSolution]

Do you have an emergency fund? By #budgeting for small deposits each month, it will start adding up to the recommended 3 to 6 months of expenses it should cover in emergencies. #FinancialWellness https://t.co/p7HsmVBBMp

[BDO Debt Solutions @BDODebtSolution]

Choosing to pay off your #debt is a commitment, but well worth it in the long run. This #DebtStory may inspire you to take your first steps. #DebtRepayment https://t.co/FpMqJ2nBFk @Ilan_Kibel

[BDO Debt Solutions @BDODebtSolution]

Our #LicensedInsolvencyTrustees, @hillmichk and @Ilan_Kibel, join us to discuss what your first meeting with them might look like on your journey to #DebtRelief. #LITsCanHelp https://t.co/usLDlQWjTH

[BDO Debt Solutions @BDODebtSolution]

Sometimes with #debt, the details you worry about aren’t even an issue. Put your mind at ease with these debunked myths around #bankruptcy, #ConsumerProposals and collectors. https://t.co/l9SsJroByi #DebunkDebt

[BDO Debt Solutions @BDODebtSolution]

Budgets are amazing tools to measure your #FinancialHealth and relieve #DebtStress. Here’s a great link to learn the basics. Will you be making a #budget this year? https://t.co/aZl4fKQle4 @JCThompsonLIT

[BDO Debt Solutions @BDODebtSolution]

December can often bring #FinancialStress, but January is the perfect time to start turning that around. Make a #Budget for the new year and get back to your money management techniques.