Overwhelmed and Overextended: Thoughtload, HELOC Risks & the Rise of Credit Fraud | Full Episode

In this episode of Moolala: Money Made Simple, host Bruce Sellery tackles three pressing issues facing Canadians today. Organizational psychologist Dr. Liane Davey introduces the concept of "thought load" , an invisible tax on your performance and presence driven by rising cognitive demands, emotional triggers, and depleted energy reserves. Liane shares practical strategies to identify your overwhelm style and reclaim your focus. Then, Ron Butler, principal broker at Butler Mortgage and host of the Angry Mortgage Podcast, breaks down the pros and cons of home equity lines of credit (HELOCs), explaining how they work, when they make sense, and the critical difference between a mortgage and a demand loan. Finally, Cherolle Prince, Director of Fraud and Identity Management at Equifax Canada, reveals why first-party fraud, which is when individuals misrepresent their own financial information to qualify for credit, is surging at over 30% year over year, and what lenders and AI tools are doing to fight back.

To find out more about the guests check out:

• Dr. Liane Davey: lianedavey.com | LinkedIn | YouTube | Instagram | Facebook | X
• Ron Butler: butlermortgage.ca | X | Instagram | Facebook
• Cherolle Prince: LinkedIn(Cherolle) | X | Facebook | Instagram | YouTube | LinkedIn(Equifax)

Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple.

Find Bruce Sellery at Moolala.ca | X | Facebook | LinkedIn