2025-11-20
Understanding what debt collectors can and cannot do
Debt Solutions
Understanding your rights as a consumer can help protect you when dealing with creditors and debt collection agencies.
Empower yourself to live debt free this International Women's Day
Despite the fearless efforts of previous generations there remains a pronounced gender wealth gap in Canada, along with persistent stereotypes and stigmas about how women manage their money. In celebration of International Women’s Day 2021, and their theme #choosetochallenge we’re challenging preconceptions around women and debt — and empowering women to take responsibility for their own financial success and debt freedom.
From primary breadwinners to single parents, cash-pinched students to stay at home moms, we recognize every woman in Canada has a unique story and faces a unique set of financial challenges. We also believe in the power of every woman to take meet their financial challenges and achieve their goals. You have the power and tools to get out of debt, for life. So, let’s do this!
A step by step approach to taking charge of your debt
Set your own path to financial success and debt freedom with MNP’s do-it-yourself debt solutions.
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Step 1 |
Rank your debt reduction methods using the MNP Debt Calculator. This personalized tool will help you find the fastest and least expensive options for becoming debt free.
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Step 2 |
Use the MNP Debt Scale to get a free checkup on your debt health. Answer just 15 short questions to understand the severity of your debt challenges and which resources may be most beneficial for you.
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Step 3 |
Build a complete and user-friendly budget with MNP’s Budget Tracker Spreadsheet. Simply fill in your income and expenses and adjust as necessary to create a balanced budget
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Step 4
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Put your plan to work. Choose your debt reduction method and track your spending throughout the month to begin working toward your financial goals.
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Set bold and challenging goals
Now that you’ve put the pieces in place to transform your financial life, it’s time for the heavy lifting. Set a realistic timeline for yourself to pay down your debt and save between three and nine months of living expenses in a rainy-day fund. Begin monitoring, tracking, and adjusting your spending to match your goals. Check in with yourself frequently to see what’s going well and what needs to change — as well as to celebrate your milestones along the way.
Remember, doing it yourself doesn’t have to mean going it alone. If you find your debt is overwhelming or one of our DIY tools indicates you may benefit from speaking with a Licensed Insolvency Trustee, reach out for a Free Confidential Consultation. We can review your financial situation, discuss your options, and help you move forward with confidence — and keep you in the driver’s seat throughout the process.
Choose to Challenge
“A challenged world is an alert world. Individually, we're all responsible for our own thoughts and actions - all day, every day. We can all choose to challenge and call out gender bias and inequality. We can all choose to seek out and celebrate women's achievements. Collectively, we can all help create an inclusive world.”
#ChooseToChallenge
#IWD2021
Leah Drewcock
CIRP, LIT
Senior Vice-President
Servicing: Prince George, Terrace, Quesnel, Vanderhoof
Latest Blog Posts
2025-11-13
Stigma of Debt: Your Questions Answered
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-05
What should you do when the Canada Revenue Agency calls?
Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
