MNP Consumer Debt Index January 2021

Declining financial confidence and pandemic-driven debt concerns cause record five-point decline in MNP Consumer Debt Index — now at an all-time low of 89 points
People Standing

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I just wanted to thank you for making my bankruptcy process much easier than I thought it would be and always answering my questions sincerely and promptly. Much appreciated.

Jeffrey - Winnipeg, Manitoba

I really do wish that I could tell everyone about the consumer proposal with MNP. Everyone I spoke to previously told me that there was nothing that could help me overcome my debt problems. It made me feel like the mistake that I made had ruined my life and I could not see a point where it would ever get better. Finally, after a couple of years of anxiety and sweeping my debt issue under the rug, a friend mentioned MNP. Marcie did not make me feel...

​Sarah D - Edmonton, Alberta

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A weight has been lifted off my shoulders.

Sandra - Hamilton, Ontario

Personal 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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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.

Latest Blog Posts

2021-01-18

Debt Trap? MNP Consumer Debt Index reveals Ontarians are taking advantage of low interest rates to spend beyond their means

Caryl Newbery-Mitchell

MNP Consumer Debt Index

New research conducted by Ipsos on behalf of MNP LTD. finds six in 10 (63%) Ontarians feel the current low-interest environment is a good time to buy things they otherwise might not be able to afford.

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