2008-03-15
Leslie, A secured debt is one where the lender (the person advancing the funds) takes security over an asset owned by the debtor (the person borrowing the funds). Typical examples are a mortgage on a home, a loan to buy a car secured on that car, a loan to buy a computer etc. The debtor will have executed a contract giving the lender security, and those contracts can usually be found by searching in Land Titles (for mortgages on real estate) or the Personal Property Security Registry ( for security registered on vehicles etc.). Ian Schofield Regina, Saskatchewan
2025-07-14
MNP Consumer Debt Index
Nearly half of Albertans (47%, +2 pts) report they are $200 or less away from financial insolvency each month — more than those in any other province — according to the latest MNP Consumer Debt Index.
2025-07-14
MNP Consumer Debt Index
Nearly two-thirds of Quebecers say they desperately need interest rates to go down (63%, -2 pts), according to the latest MNP Consumer Debt Index.
2025-07-14
MNP Consumer Debt Index
Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.
