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MNP Debt Blog

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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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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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Don’t let fear drive you away from Bankruptcy

What do Walt Disney, Elton John, and Larry King have in common? After filing Bankruptcy, these and countless other respected cultural icons all went on to achieve fortune, fame, and overwhelming success.

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Hosting a Holiday Gathering on a Budget

Whether you’re hosting a small intimate group of friends or a large family dinner over the upcoming holiday season, inflation and rising interest rates have made hosting more challenging than ever. Here are some simple tips on how to still have...

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The impact of inflation and higher interest rates is leaving Atlantic Canadians feeling pessimistic about their debt.

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Bank of Canada's announcement on the prime lending rate: Why you should care

A hot topic in economic news these days is the question of when the Bank of Canada will announce whether they are going to change the prime lending rate. For consumers, the more important question is: how will this announcement affect you?

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The impact of inflation and higher interest rates is leaving Manitoba and Saskatchewan residents feeling the most pessimistic about their debt situation compared to the other provinces, according to the latest MNP Consumer Debt Index.

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