MNP Debt Blog

British Columbians have been through a lot in 2020 and 2021. The impacts of COVID-19 arrived suddenly and have been difficult to forecast. Some B.C. households have faced more challenges than others, but nearly everyone has experienced setbacks to some...

With rising interest rates and high borrowing costs remaining a challenge for households, Atlantic Canadians are feeling more pessimistic about their debt than any other province, according to the latest MNP Consumer Debt Index.

The pandemic, childcare challenges, and the difficulties of spending much more time together during lockdowns made 2020 a difficult year for many couples.

If you’ve been researching options to manage and overcome your debt, it’s likely you’ve already heard about Consumer Proposals and may even have a basic understanding of how they work.

We’re all familiar with recycling and it’s environmental benefits. It’s one of the three Rs of sustainability many of us learned in primary school, along with reduce and reuse.

The ads talk about getting out of debt and getting a fresh start. Is that really possible? You decide to make a call and find out. Afterall, what can it hurt?

Getting a hold of your debt can be stressful and having to go through that process online can add to the load. Meeting in-person with an LIT can help alleviate some of that stress.

Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.