MNP Debt Blog

While consumer insolvency rates continue to increase in many provinces, consumer insolvencies (bankruptcies and Consumer Proposals) filed in B.C. were down almost 7% from 2015. That’s a good thing isn’t it?

Given today’s economic situation, it’s no surprise to learn thousands of Canadian households are struggling and relying on credit to carry them through in a financial pinch. While credit can be an incredible tool, credit reliance can quickly...

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, many Canadians are struggling to keep up with the costs of day-to-day living, let alone manage debt.

Even while many Canadian consumers are struggling under a sluggish economy and increased unemployment, many were not deterred from sloshing into the snow to hit the stores for seemingly ‘once in a lifetime’ deals.

As the New Year settles in and thousands of households across the country shutter themselves in from another great Canadian winter, many find themselves feeling the chill of debt as credit card bills start rolling in from holiday expenditures.

As Canadians struggle under the pressure of an ever-increasing cost-of-living and a sluggish economy, many find this time of year especially difficult as they try to navigate around the costs of debt.

The third Monday in January was coined ‘Blue Monday’ as it’s earned a reputation as being the most depressing day of the year. For many Canadians already low on Vitamin D after braving months of a Canadian winter, having bills roll in...

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, it's no surprise to learn that many are struggling to keep up with the costs of day-to-day living, let alone manage debt.

For a family struggling financially, this can be a difficult time of year as these expenses accumulate rapidly and the family often feels obliged to incur these expenses as a matter of meeting societal expectation.

While Boxing Day discounts can feel like significant savings in the moment, if you’re relying on credit to pay for your purchases, they may end up being a lot more expensive than even the original retail price in the end.