MNP Debt Blog

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

​When someone starts talking about financial goals what's the first thing that comes to your mind? Money for retirement? Investing? Taking a cruise around the world? Saving for university for your children?

Serious debt is rarely a stand-alone problem. It’s often the result of other factors which either parallel or contribute to financial distress.

Many life-changing events are unpredictable. Coping with them is taxing enough without adding steep financial challenges into the mix.

Does this sound all too familiar? You started out with the usual plan for most Canadians — get a job, buy a home and save for retirement. As retirement approached, you expected your mortgage would be paid off and you would have a pension or nest egg....

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances.

When all is quiet and your body finally stops at the end of the day, your mind doesn’t always follow suit — especially if you’re struggling with financial stress.

Whichever holiday debt you’re carrying – or may be thinking of incurring – now’s as good a time as any to change course and make it go away for good.

Canadians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it.

More British Columbians see grey skies on the horizon heading into the new year and beyond as fewer expect their debt situation to improve, according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos.