MNP Debt Blog

According to an Ipsos survey conducted on behalf of MNP LTD., the majority of British Columbians feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada.

We’ve all been there – we swipe our credit card or sign on the dotted line to complete a long-coveted (or impulse) purchase only to realize a minute, a day or a week later that we’ve made a mistake.

The number of consumer insolvencies per thousand residents in Calgary, aged 18 years or above, hit 4.3 in 2018 – the highest level since 1997 when it sat at 4.8.

If you are an individual who has filed a bankruptcy under the BIA and you have not been discharged from bankruptcy, you may opt to make a Consumer Proposal to your creditors.

Many people dream of owning a home. But with consumer debt in Canada at an all-time high, a significant number may worry that goal is out of reach.

If you’re feeling trapped by debt and worry you’ve run out of options, it is often helpful to seek sound advice and effective solutions from a qualified professional to get your finances back on track.

If you’re struggling to control your debt, you know the vicious cycle it can become.

Thinking back to my childhood, I can still remember the terror I felt every time Halloween approached.

At MNP, we’re seeing a growing number of people working well-past retirement age simply to afford their monthly debt obligations.

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (54%) of Canadians say they are more concerned about their ability to repay their debts than they used to be.