MNP Debt Blog

If you are struggling with unmanageable debt, there are several debt solutions available that provide actual relief and allow you to get back on track to financial freedom instead of holding you back.

Read this blog to put your financial fitness to the test.

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, it's no surprise to learn that many are struggling to keep up with the costs of day-to-day living, let alone manage debt.

Low interest rates and readily available credit have caught a lot of consumers in the trap of the ‘have now pay later’ trend. In fact, Canadian consumers are already spending 163% of their income.

Credit is somewhat of an enchanted thing. It allows us the flexibility to make purchases ahead of when we would otherwise be able to afford them. Unfortunately for many when it comes to credit, the ‘trick’ often follows the ‘treat’....

With thousands of Albertans laid off due to the downturn in the oil and gas industry, it’s no surprise to learn that Alberta is experiencing an all-time high in delinquent loans.

With a wavering Canadian economy and unemployment continuing to roll through several Canadian provinces, thousands of households have found themselves struggling to make it from one financial obligation to the next.

Relying on credit to carry you through times of underemployment? Careful! Debt can be more costly than you think!

Canadian consumer debt is at an all time high, with more than half of our assets' tied up in real estate.

According to Statistics Canada, the annual inflation rate in Canada jumped 1.6% in December. Much of this increase can be attributed to the rising costs of groceries.