MNP Debt Blog

Sometimes a financial institution or other form of lender will not grant credit to an individual or company (the “borrower”) unless someone else provides a guarantee. This can be potentially dangerous because if the borrower defaults on the loan, the...

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit in efforts of trying to stay ahead of monthly financial obligations. Taking it one step further,...

Given today’s economic situation, it’s no surprise to learn thousands of Canadian households are struggling and relying on credit to carry them through in a financial pinch. While credit can be an incredible tool, credit reliance can quickly...

While some of those challenges may seem far in the distance, they will be on your doorstep sooner than you think.

As the spike in insolvencies continues to rise in communities like Lethbridge throughout the province, now is as good as time as ever to talk about the value of a budget.

A 2015 survey shows the average Canadian spent an average of $766 for holiday gifts. MNP’s Yves Patrice Beaudin talks budget in this blog.

With the holidays right around the corner, it's easy to get caught up in a spending frenzy. But if you're depending on credit to carry your spending, you might find that you're paying a lot more than you anticipated when the bills start to roll in come...

While Boxing Day discounts can feel like significant savings in the moment, if you’re relying on credit to pay for your purchases, they may end up being a lot more expensive than even the original retail price in the end.

LETHBRIDGE - While many Canadians may be tempted to borrow more after the Bank of Canada’s recent cut to interest rates, local Personal Bankruptcy Trustees are strongly advising people not to.

Everyone has financial dreams. Whether it’s getting out of debt, building a nest egg for retirement, purchasing a home or going on vacation – visualizing any number of desired results comes naturally.