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MNP Debt Blog

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Only you and your child can decide whether post-secondary education is the right path forward. Regardless of what direction their life ends up following, there are steps you can take to prepare for the costs of post secondary education to help ensure...

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

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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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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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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Does Bankruptcy mean losing everything?

The most common concern for debtors contemplating a Bankruptcy is what they’ll have to give up to achieve a financial fresh start.

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Can I negotiate interest rates?

When applying for credit, most people believe they must accept whatever interest rate a lender is willing to give them. But that’s not always the case. Beyond shopping around for competitive rates, it never hurts to ask whether a lender is flexible...

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Secured Debt and Unsecured Debt: What Are They & What Are the Differences?

When dealing with debt, the consumer is often faced with unfamiliar terms, such as “secured debt,” and “unsecured debt.” Debt is debt, right? Well, not quite!

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Every day we receive dozens of questions on our website, on social media, and during Free Confidential Consultations wondering how to overcome or alleviate debt without filing a Bankruptcy or Consumer Proposal.

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