MNP Debt Blog

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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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Financial Scams (MNP 3 Minute Debt Break)

Financial scams have been around for decades. But they have never been as common and invasive as they are today. The internet, online banking and countless other technologies have enabled fraudsters to invade people’s lives and trick them into handing...

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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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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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What are my debt consolidation options?

Consolidation is one of the options you may choose to investigate if your debt payments have become overwhelming.

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Seniors and Debt

Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.

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Unprecedented drop in insolvencies likely not a sign of financial stability

MNP released its most recent Consumer Debt Index just as the COVID-19 pandemic started gaining a foothold in Canada. The data — which Ipsos collected over the two weeks preceding the indefinite shutdown of non-essential businesses and millions of...

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COVID-19 Rule Changes Now Allow for Virtual Bankruptcies and Consumer Proposals

Canadians are facing a lot of uncertainty right now. With a sudden economic downturn and many businesses shuttered due to social distancing measures, millions have found themselves out of work and unable to pay their debts.

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Consumer Proposals: Frequently Asked Questions

Consumer Proposal is a formal offer to your creditors to settle your unsecured debt. It reduces the overall amount of debt you pay back while ensuring your creditors still recover a percentage of what’s owed to them.

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Can’t Pay Your Taxes? There Are Solutions

Sometimes life doesn’t turn out the way we expected and we find ourselves overwhelmed with debt.

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