MNP Consumer Debt Index plunges to 79 points

Index drops as Canadians’ net personal debt rating hits an all-time low.
Consumer Debt Index graphs

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Bankruptcy

When you’re overwhelmed by crushing debt, a personal bankruptcy will provide a fresh start and could be the Life-Changing Debt Solution you’re looking for. Choosing to file for bankruptcy is a serious decision which may not be for everyone.

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12 Days of Holiday

Every year MNP Licensed Insolvency Trustees across Canada share their favourite tips and advice for a happy and affordable festive season. We’re all guilty of breaking the bank and spending a little too much during the holidays — these 12 suggestions will help you keep the generosity at an all-time high without suffering from debt regret when the credit card bills arrive in January.

Consumer Proposal

We understand why you’re worried. You have debt, but you may also have assets you wish to keep and the idea of filing for bankruptcy is terrifying. You’re thinking about long-term financial impacts and wondering how to avoid them. If this sounds like you, a Consumer Proposal may be just the Life-Changing Debt Solution you’re looking for.

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2025-01-13

Escalating financial concerns in Alberta: Nearly three in five fear they can't repay debts despite interest rate cuts, worries over job loss and Bankruptcy increase

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Albertans are feeling more pessimistic about their personal finances heading into 2025, despite declining interest rates.

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2025-01-13

MNP Consumer Debt Index plunges to 79 points, the second-lowest level ever recorded

Grant Bazian

MNP Consumer Debt Index

The latest MNP Consumer Debt Index has dropped to 79 points, a staggering 10-point decline from last quarter.


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