Scott Schaefer

A CPA & Trustee helping individuals in Kitchener-Waterloo with money management. Family man, proud father of 2 girls, runner, foodie & wine enthusiast

[Scott Schaefer @schaefercpa]

Here's a short video on what drives me to help people:
https://t.co/RZ3zHxuO5G

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Why are Millennials struggling so much more with their debts? And why were they the only age group to see a rise in their unsecured debt obligations last year?

@doughoyes gives us some insight in this interview for @CBCNews:
https://t.co/XC9PSYaAqK

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

It's that time of the year where tax preparation companies offer you an 'instant tax refund' when you file your return.

The cost of an instant refund just isn't worth it.
Here's why:

#taxrefund #taxseason
https://t.co/xEswzWnW1t

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

It's Fraud Prevention Month, But Fraud Never Sleeps...

So this information is always relevant.

Use this guide from @INTERAC to do a cyber-security self-checkup & maintain a protected digital presence: https://t.co/c8j2sTr21Z

[Doug Hoyes @doughoyes]

Scott Terrio is no longer on Twitter, but he's still on the podcast.
This week he has many thoughts on
What To Do When Debt Collectors Get Aggressive.
https://t.co/Kas3Ivmy5V

[The Food Bank of Waterloo Region @FoodBankWatReg]

We're very grateful to @HoyesMichalos for being a 2022-23 Leader Level Food & Fund Drive sponsor! Your sponsorship has provided 22,500 meals to #FeedTheHungry and we can't thank you enough.

[Scott Schaefer @schaefercpa]

@doughoyes UPDATE PART 2 - iCASH has now sent a correcting text message to fix their error of yesterday.

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Here it is.

A brand new, detailed post on what exactly affects your #creditscore, what you can do to improve it, and what lenders consider when approving credit applications.

By @schaefercpa: https://t.co/nS4aWYHC1t

[Doug Hoyes @doughoyes]

Is CRA ramping up collections?
Did you read the federal budget (start at Chapter 9, page 203)?
Answer: yes, but gradually.
Big pick up in the last two weeks.
More on the podcast with @schaefercpa and @iamianmartin
https://t.co/8Znx1Jve4Y
Debt Free in 30

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

May be an issue for some this year, worried about owing on $$ received in the form of CRB/CERB.

It's in your best interest to be up-to-date on your taxes, esp. if you're hoping to negotiate with CRA.
@schaefercpa explains: https://t.co/rPdPKuO4ib

[Doug Hoyes @doughoyes]

I've had a lot of clients over the years get into a lot of financial trouble by co-signing a loan for family or friends.
How can you say no?
How else can you help them?
@MaureenParent7 @schaefercpa and @iamianmartin explain this week on Debt Free in 30
https://t.co/yiwRb7mQ7K

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Some consequences can include:

- late payment fees
- damage to your credit rating
- higher interest rates
- collection calls

If you can't make your credit card payments, there are options for help. @schaefercpa explains:
https://t.co/WIi0bgG4e9

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

If you're struggling with credit card payments, @schaefercpa explains exactly what happens when you stop paying your credit card & ways to deal with the debt: https://t.co/EolUvnWEgI

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Hoyes Michalos now offers a FREE course on credit repair.

https://t.co/KvCLFoJCCY

That's it. That's the tweet.

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Rebuilding your credit doesn't have to be complicated.

Learn with the help of our free credit rebuilding e-book.

This guide explains rebuilding best practices, things to avoid, and how to get your report for free and how to fix errors.

Download: https://t.co/goRY47MqSo

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

It's a lot easier on the mind when you know how it works.
@schaefercpa explains: https://t.co/eMjgqN0o3g

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

The share of insolvencies among those aged 50 & older increased from 28.3% in 2019 to 29.8% in 2020, and 31.4% post-pandemic.

Get the details in our just released 2020 Hoyes Michalos Bankruptcy Study: https://t.co/hwtR11i8DI

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Just like debt problems, food insecurity can happen unexpectedly to anyone, at any time. It's our pleasure to support @FoodBankWatReg & their hard-work in allowing #kwawesome to meet its food needs.

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

Heads up: 🔎

The CRA has already started issuing collection letters for CERB repayment to those who may or may not have been eligible for the payments they received.

#CERB #CanadaRevenueAgency
https://t.co/Axu71JxCqg

[Doug Hoyes @doughoyes]

JUST RELEASED:
A new kind of #debt!
No interest!
No fees!
What can go wrong?
Lots, as 1st time guest @JenniferKwon15 explains.
(Like they may be selling your data).
Now on YouTube and all podcasting apps: https://t.co/IWqCktiVpN

[Hoyes Michalos - Licensed Insolvency Trustees @HoyesMichalos]

More tips to help you identify fake CRA calls. Stay protected: https://t.co/NI4UvKQPPo