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MNP Debt Blog

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The latest debt index finds almost half of households are not confident they’ll be able to cover all living and family expenses in the next 12 months without taking on more debt. In fact, the proportion of Canadians who report being insolvent and...

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What is good debt?

Given the growing concerns around Canada’s consumer debt crisis, it’s only natural to paint it in broad strokes as universally bad. However, that’s not always the case.

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Beyond the finances: Understanding the true cost of debt

With COVID-19 impacting finances at all levels, much of the conversation over the past year and a half has surrounded increased spending (or decreased revenue) among governments, businesses, and individuals — and the debt each has taken on to make...

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What can I do to assess my financial health?

If you’re like most people, you (at least try to) go to the doctor every year for your annual physical. Why? Because a clean bill of health buys you peace of mind — and the earlier you can catch potential problems like high blood pressure...

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Life after a Bankruptcy

After receiving your discharge from Bankruptcy, you have now permanently moved on from your past financial issues and are free of your unsecured debts. It’s time to start rebuilding your credit rating.

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Is being debt-free good for your credit report?

What you learn about how credit reporting and scoring works, what you can do to improve your credit, and common debt habits which may be helping or hindering your progress may just save your credit — and save you a few dollars every month.

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When you’re working toward paying off your debt, life can often feel like an impossible choice between saving money and enjoying your hard-earned free time.

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What Happens When You Commit to a Consumer Proposal (MNP 3 Minute Debt Break)

What are the various types of consumer loans and why would I use them?

Consumer loans are available in many forms and for a variety of purposes such as purchasing a home, financing a vehicle, and consolidating high interest credit card balances. These financial tools range from ultra specific (e.g., mortgage) to extremely...

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The Canada Student Loan Program provides an opportunity for Canadians to pursue a post-secondary education in instances where attending a college or university may otherwise be out of reach.

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