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MNP Debt Blog

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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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If you’re struggling with your finances and heading toward bankruptcy, you may think it makes sense to sell or transfer some of your assets.

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Seasons of Savings – How to avoid overspending this summer

It’s been a long, cold winter, and summer is finally here. It’s a season for seeing friends and family. A chance to travel to new and familiar places.

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How starting to save early can help relieve financial stress during the holiday season

Starting to save early can help ensure you stay within your budget and reduce financial stress in the New Year.

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Can your debt survive a Bankruptcy?

Filing for Bankruptcy is an option for those who are overwhelmed by debt. Bankruptcy provides you with protection from creditor actions and relief from most types of unsecured debts. But it’s not always that simple.

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Why checking your credit score matters

How well do you understand your finances? In commemoration of National Financial Awareness Day, we encourage you to understand your credit history and constantly monitor your credit score.

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How to budget when you’re unemployed

When you find yourself out of employment and unable to make ends meet, there are several steps you can take to navigate the situation.

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Bankruptcy can be an intimidating proposition, but it doesn’t have to be scary or complicated. Living with financial stress has many negative impacts, on your wallet, your mental health, and on your ability to plan for the future.

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Is there a stigma to Bankruptcy?

Let’s explore some of the stigmas around Bankruptcy, why you shouldn’t be afraid of this process, and how a Licensed Insolvency Trustee (LIT) can help you on your journey toward a debt-free future.

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