If you’re looking to break free of personal debt once and for all, we can help. We provide debt and bankruptcy solutions that are life-changing and permanent, so you can erase debt from your life.
Our Life-Changing Debt Solutions are designed to permanently get you out of debt once and for all – so you can stop worrying and start living again.
Debt can be overwhelming. For that reason, our Licensed Insolvency Trustees are always here for you. let’s discuss the options available to you. Your debt-free future starts now.
Financial troubles rarely pop out of nowhere. If you look carefully, you’ll often see warning signs of danger ahead. Occasionally experiencing one or two of these red flags does not guarantee financial distress. However, frequently seeing several almost always means troubled waters ahead.
Recognizing the indicators of financial difficulty – and responding quickly – can help you eliminate or reverse unproductive behaviours and detour off the road to poor financial health.
Effective money managers are meticulous about the fundamentals. Consistently planning, tracking and guarding their spending keeps them in control of where their money goes and ensures they’re prepared for any unforeseen expenses.
If you notice yourself committing any of the following personal finance errors, act immediately to shore up your money management foundation:
The good news is you’ve caught the problem early and can set yourself up for success by changing your habits. Commit to keeping a comprehensive monthly budget. Document and track all your monthly expenses. Cut unnecessary costs where possible and put whatever you can aside in a rainy-day fund. Also, set a limit for non-essential spending and stick to it.
Revisit these action items each month and grade your progress. Notice where you’re struggling and focus on improving these skills over time.
Credit can be a useful device in your financial toolbox. But knowing how to use and manage it is a skill. It can be tempting to fall back on debt in those moments when you’re struggling to make ends meet – but borrowing money when you are already strapped for cash only worsens the problem.
If you notice yourself committing any of the following credit management errors, act immediately to prevent your debt from spiraling out of control:
First things first, stop adding to your debt. It may seem like a solution to your short-term cashflow problems, but the relief is only temporary. The longer you remain in this cycle, the harder it will be to escape.
Hide your credit cards and cut off your access to loans and lines of credit. Then, revisit your budget and draw up a plan to get out of debt. This will likely require cutting your discretionary spending (i.e. restaurants, entertainment, etc.) and maybe even some non-essential expenses (e.g. cable, Netflix, etc.). The sooner you can reduce and ultimately eliminate your interest payments, the sooner you’ll eliminate the feeling of ‘never having enough money’.
Sometimes, it’s difficult to see how bad a problem has become until its too late. That’s often the case for people who have fallen down the financial rabbit hole – their bills keep getting bigger, their income seems to be getting smaller and they’ve exhausted every potential borrowing opportunity.
If you notice any of the following symptoms, reach out for professional assistance as soon as possible:
The financial rabbit hole can seem like a never-ending void. But you don’t have to wait for the bottom to plan your escape. Financial professionals like Licensed Insolvency Trustees offer several effective options to help you get the financial fresh start you need and deserve. In fact, the sooner you reach out, the more possibilities you have available to become debt free.
There are other, less visible indicators which suggest you may be experiencing financial difficulty. These often show up as physical and emotional symptoms telling you something just isn’t right. Don’t ignore the tension in your shoulders, pit in your stomach or constant stress and worry that comes with thinking about your money problems.
Just like you’d give yourself adequate rest and nourishment to recover from the flu, your financial issues deserve the same care and attention. Recognize the warning signs, listen to your gut and, if necessary, make the changes or seek the help you need to achieve your much-needed peace of mind.
MNP Licensed Insolvency Trustees offer a Free Confidential Consultation and access to Life-Changing Debt Solutions to help you defeat your debt for good. During this initial no-obligation meeting, a Licensed Insolvency Trustee will review your entire financial history while seeking to understand your challenges and goals – and they will use this information to identify your best options to achieve a positive resolution.
Whether you qualify for Bankruptcy, a Consumer Proposal or one of several other opportunities to eliminate your debt, they will explain every option thoroughly and help you make the best choice for your unique situation and desired outcome.
Your debt-free future is within reach. Contact us today to learn how you can address the warning signs of financial difficulty and permanently silence the alarm bells.
Based out of Surrey and the Fraser Valley, Linda Paul is a Licensed Insolvency Trustee and Senior Vice President at MNP LTD. To learn more about how MNP Debt can help, contact our local office at 310.DEBT (310.3328) or toll-free at 1.877.363.3437.
Based out of Courtenay, Selina Jacobson is an Assistant Estate Manager and Registered Insolvency Counsellor at MNP LTD. To learn more about how MNP Debt can help, contact our local office at 1.877.363.3437 or toll-free at 310.DEBT (310.3328).
Our team of Licensed Insolvency Trustees will help you
explore the debt relief options available to you and
together we will find the solution that best fits your
situation. Set up your FREE, no obligation consultation
MNP is committed to protecting your
privacy. We promise to keep all of the information you share
with us confidential.
*310-DEBT doesn’t operate in MB, NW ON and QC.
Contact a Trustee
Find a local Office