MNP Debt Blog

It’s that time of year again. It’s cold, and dark and wintertime. Nothing saws ‘reward me’ like a little shopping and getting yourself that special something to perk up your day.

January 18, 2016, CANADA – The third Monday in January has been dubbed Blue Monday; what can be for some the most depressing day of the year as the holiday bills arrive around this time.

Christmas is upon us. It is time to plan for gifts, family gatherings and travel. Just like Santa Claus and his Elves, planning is a must and a credit card can be an important part of your tool box.

It is hard to believe that Christmas is only two weeks away, but step into any retail establishment and you’ll be sure to notice the holiday displays and buzz.

As we head into the holidays, it's all too easy to watch the spending add up. Between holiday parties, decorations, groceries and gifts - the dollars leaving your account (or worse, going onto credit) can become overwhelming.

New rules in Ontario to better protect consumers from unscrupulous debt settlement companies come into force this week, but bankruptcy trustees says those in financial trouble seeking help still need to be cautious.

While Black Friday and Cyber Monday used to be predominantly American shopping events, Canadian consumers and retailers have gotten right on board in recent years.

Most people with an addiction to spending do not realize the extent of their spending until their credit cards or lines of credit are maxed out and bill collectors start calling. A spending addiction can begin as early as childhood and may be caused...

The origins of the fear factor

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.