MNP Debt Blog

Now that you’ve completed your Bankruptcy or Consumer Proposal, you may be considering getting credit again.

Securing new credit is a polarizing decision for people who have completed a Bankruptcy or Consumer Proposal.

This is the second in a two-part series about responsible credit management after an insolvency.

That’s a good question, and one that might produce some surprising answers. There’s no one size fits all solution to debt.

People are often hesitant to file a Bankruptcy or Consumer Proposal for fear of ruining their credit. They reason they must have excellent credit because they‘ve always made their monthly minimum payments on time.

Are you in a situation where you’ve fallen behind on your debts and now the account is in collections? As if the stress of your mounting bills wasn’t bad enough, now you’re worried there’s a collections agent lurking behind every...

Are you a millennial? This generation is quickly rising to dominance in Canada, representing a highly influential age range of 25 to 40 years and comprising more than a quarter of the population.

When applying for credit, most people believe they must accept whatever interest rate a lender is willing to give them. But that’s not always the case. Beyond shopping around for competitive rates, it never hurts to ask whether a lender is flexible...

Many people are concerned about their credit rating. After all, this may determine whether you qualify for a mortgage or a car loan — and possibly even whether you get the apartment you’ve applied to lease.