MNP Debt Blog

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When individuals can no longer service their debt, it creates significant issues for both the borrower — who may find themselves in an ever-worsening cycle of debt — and their lender(s) who are having trouble recovering the money owed to them....

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COVID (MNP 3 Minute Debt Break)

The COVID-19 pandemic has shut down businesses, shaken the global economy and caused large job losses across the country. Thousands of Canadians are taking advantage of federal support measures and many are considering additional ideas to slow all the...

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The Financial Challenges of Becoming a Parent

Parenthood happens differently for everyone. You can plan it carefully or it can be a surprise. You can share the experience with a partner or you can go it alone. But it will always change your life forever.

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How a Bankruptcy or Consumer Proposal affects your credit rating

When evaluating your options for how best to deal with unmanageable debt, a Bankruptcy or Consumer Proposal are always worth considering.

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How you can prepare for life after CERB

The Canada Emergency Response Benefit (CERB) has been a welcome respite for Canadians struggling with the economic fallout of COVID-19.

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How cash-strapped Canadians can navigate rising grocery prices

Given the challenges this year has presented, Canadians don’t need any more bad news. But it appears yet another crisis is about to hit home for many households.

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How does compound interest compound your financial situation?

This can be highly beneficial when you’re investing because every month you can earn additional interest on the interest you earned over the previous months.

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What you should know about your first credit card

Are you thinking of applying for your first credit card? Or perhaps, you now have your first credit card. Here is what you need to know about your first credit card.

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Financial Scams

Financial scams have been around for decades. But they have never been as common, insidious and invasive as they are today.

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Is filing for personal Bankruptcy your best option?

If you’re struggling to maintain minimum monthly debt payments or don’t see yourself ever getting out of debt on your own, you may consider filing a Bankruptcy.

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