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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.
A recent Ipsos poll conducted by MNP LTD., has found that Albertans are fearful of increased financial turbulence in the wake of future interest rate hikes. The survey found more than one in three Alberta residents now worry future increases could inch them closer to bankruptcy – a four percent increase since June. More than half (55%) are now concerned that future rate increases could impact their ability to pay their debts.
With household budgets getting increasingly tighter over the past year, the debt environment across the province is getting even more precarious. Nearly one in two (47%) Albertans now say they regret how much debt they've taken on in their lives – the highest proportion since the MNP Consumer Debt Index began measuring in June 2017.
Despite these concerns, however, there is still fair bit of optimism about the future. More than one in five (22%) Albertans say their debt situation has actually improved over the past year. And perhaps fueled by the more than three-quarters (77%) of debtors who resolve to be more careful with how they spend their money as rates increase, one in three (35%) believe their debt situation will improve over the next 12 months. Nearly half of Alberta residents (46%) foresee an improvement over the next five years.
As interest rates continue climbing higher, it's going to be difficult for many to escape the long-term effects – even with better budgeting. It's important for Albertans to understand they don't have to manage the stress, regret and concern on their own. A financial fresh start is possible and a Licensed Insolvency Trustee offers a no obligation Free Confidential Consultation to review debtors' financial situation and discuss options. There is a range of potential solutions to provide relief, but accessing them begins with understanding the various paths available.
Other poll highlights include:
About MNP Debt
MNP LTD, a division of MNP LLP, is the largest insolvency practice in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working with individuals to help them recover from times of financial distress and regain control of their finances. With more than 230 Canadian offices from coast-to-coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt. Visit www.MNPdebt.ca to contact a Licensed Insolvency Trustee or get a free checkup for your debt health using the MNP Debt Scale.
About the MNP Consumer Debt Index
The MNP Consumer Debt Index measures Canadians' attitudes toward their consumer debt and gauges their ability to pay their bills, endure unexpected expenses, follow a budget, and absorb interest-rate fluctuations without approaching insolvency. Conducted by Ipsos and updated quarterly, the Index is an industry-leading barometer of financial pressure or relief among Canadians. Visit www.MNPdebt.ca/CDI to learn more.
The latest Index data was compiled by Ipsos on behalf of MNP LTD between September 10 and September 17, 2018. For this survey, a sample of 2,003 Canadians from the Ipsos I-Say panel was interviewed online. The precision of online polls is measured using a credibility interval. In this case, the results are accurate to within +/- 2.5 percentage points, 19 times out of 20, of what the results would have been had all Canadian adults been polled. Credibility intervals are wider among subsets of the population. This represents the sixth wave of the MNP Consumer Debt Index.
To learn more about the survey and how MNP can help you manage your debt challenges, contact
Zaki Alam, CIRP, LIT, Senior Vice-President, MNP Ltd., at 1.866.465.1155 or
Our team of Licensed Insolvency Trustees will help you
explore the debt relief options available to you and
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*310-DEBT doesn’t operate in MB, NW ON and QC.
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