MNP Debt Blog

A consolidation of debt is essentially a restructuring of a person’s existing outstanding debt by obtaining a loan from a financial institution or bank and paying off the existing debt and therefore creating for oneself a single payment with most likely...

Many people struggling from debt issues are afraid to answer the phone or open their mail. As debt issues get worse, the contact with creditors can become more frequent and more demanding.

The link between stress and spending has long been established. In times of stress, many people make poor decisions about the use of credit and dealing with their debt issues.

This is a question that as Trustees we get asked a lot. The question you need to ask yourself is – “Did I co-sign or endorse” my partner’s debt?”

This year, you are going to make financial health a priority. You are going to gain control of your finances, dig yourself out of debt and eliminate stress from your life.

Not having a written down budget or financial plan is generally one of the first warning signs you may find yourself in financial difficulty.

The holiday season can be a joyful time, but can also increase the stresses of everyday life.

As the recent announcement by Canada Post on changes to their staffing and mail delivery practices demonstrates, the unexpected can happen to anyone. But everyone can – and should – be prepared to address their finances and manage their debt, no matter...

For most individuals meeting monthly expenses while covering the costs of the holiday season make this a difficult time of year.

Top 10 tips we can use to teach our children how to best manage their finances