MNP Debt Blog

Your credit score reflects your ability to meet certain financial requirements such as qualifying for or paying back a loan or getting good interest rates.

The persistent rise in interest rates will have varying effects on your finances but how will you navigate this challenge?

In this installment, we’ll discuss why you should close your account because the bank is aware of your filing, and they continue to take payments from your account.

The warning signs of financial trouble are everywhere, if you know where to look. Knowing what they are and how to recognize them can be the difference between quickly recovering from one or two bad months and being trapped in a months or years-long battle...

Many consumers wonder what creditors look at when determining whether or not to grant a loan. Of course, it is relatively common knowledge they look at our credit score to help make a decision, but the question that remains is, what other factors impact...

Managing debt repayment when you’re struggling financially is extremely stressful on its own, but when your creditors start to take a more aggressive approach and enlist the services of a collection agency, that stress can intensify quickly.

Thousands of individuals across Canada are coping with financial stress, and addressing their increasing debt can be an overwhelming process. Personal debt has left them juggling bills, payments, and priorities without a clear path towards financial freedom....

Nobody enjoys being late on bill payments. But unfortunately, it's not always possible to make ends meet. Anyone who has ever been in a position where they're forced to choose between basic necessities and keeping up with their debts understands just...

Owing the government money can be very intimidating as it's assumed the government has a limitless ability to collect the debt through any means necessary.