MNP Debt Blog

A debt consolidation loan is a single loan – generally obtained from a financial institution such as a chartered bank or credit union – that allows you to repay debts to multiple (and ideally all) creditors at once.

From Joy B.: How long does my bankruptcy stay on my credit report?

More than anywhere, Atlantic Canadians are increasingly reliant on debt and struggling to pay off their outstanding balances.

In January of this year, the Financial Consumer Agency of Canada, a Government of Canada agency, issued a consumer alert entitled Debt Reduction Companies: Beware of “Too Good to Be True” Offers.

When eliminating debt, a Consumer Proposal just one of the options outside of bankruptcy. So how do the others stack up?

Manitoba residents are increasingly reliant on debt and struggling to pay off their outstanding balances.

Budgeting and saving money are no longer necessary steps for making a big purchase.

Albertans are increasingly reliant on debt, struggling to pay off their outstanding balances and apparently in the worst position of any province currently.

How do I find out if someone who owes me money has filed bankruptcy?

According to a recent Ipsos poll conducted by MNP LTD., the increased cost of borrowing due to rising interest rates is causing many Atlantic Canadians to re-evaluate their relationship with debt.