MNP Debt Blog

Your credit score tells potential lenders a lot about your spending behaviors and ability to manage and / or pay back your debts. When you apply for a credit card, mortgage, student loan, auto loan or any other line of credit, this number will help the...

Canada’s debt ratio is at the highest debt income ration we’ve ever had. For every dollar we currently make, we are spending approximately $1.65 on credit.

When most people think of the term surplus income they think of the amount that they have available to spend after deducting their discretionary (i.e. entertainment, etc.) and non-discretionary (i.e. child support, etc.) expenses.

The origins of the fear factor

If you are having difficulty paying your debt in Ontario and are concerned that creditors may be able to seize your retirement fund or if you are considering withdrawing the fund to pay your debt, it is important to know what creditors can and cannot...

Canadian consumer debt is at an all time high, with more than half of our assets' tied up in real estate.

An informal debt settlement of debts is essentially a voluntary proposal between you and your creditors without judicial surety or the step by step support that comes from working with a licensed trustee.

Financial distress due to unmanageable debt can sneak up on you. When your debt starts to add up and payments begin to fall behind, this is the absolute best time to take a look at your budget and to look at your options.

Statistics Canada recently released a report stating that Canadians are holding a record level of household debt with the average Canadian household owing 164.6% of its annual income.

MNP recently moved to a new location at Gullivers Square, which is directly across from the Eastgate Square Mall.