MNP Debt Blog

Taking the step to officially file for bankruptcy can be intimidating, like stepping into a great unknown.

If you’re like most Canadians, then you most likely have debt from multiple sources. These could be some combination of auto loans, credit cards, student debt, lines of credit, installment plans on retail purchases via “buy now pay later”,...

There are approximately 1,000 LITs in Canada; all are licensed by the federal government. Whether it is a small personal bankruptcy or a large CCAA company restructuring, an LIT is involved. The educational requirements to become an LIT are rigorous....

The average person spends most of their life chasing financial stability. We may not feel like we’re getting ahead, but for many of us that’s ok; as long as we’re not falling behind. What does it mean to be financially healthy, and how...

While taking on business debt is not inherently bad, like all debt, you must approach it from a prudent and practical standpoint.

In less time than it takes to scroll through one of the streaming services to find your next series or movie to watch, you can focus on your debt and have a plan to keep it under control.

Credit cards can be a valuable tool for personal finance. If you can control the spending, and pay off the balances regularly there are no issues. But it’s easy for credit card spending to get out of control. Before you start cutting that plastic...

The first step in understanding your financial health is to understand how the rise of interest rates will affect your unsecured debts. The most common types of unsecured debts are lines of credit and credit cards.

It’s never too early to start saving for Christmas spending. The sooner you include this in your monthly budget, the easier it will be to manage those upcoming expenses and start the following year off without any additional debt.

Between generations and over the years, our behaviours, attitudes and approach to finances have changed dramatically.