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MNP Debt Blog

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Household Debt Remains Near Record High

As the Canadian housing market continues to rise, especially in hot spots like Vancouver and Toronto, many are struggling to keep up with the price of living.

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High School Graduation Applying For A Credit Card

High school graduation comes with many opportunities – one of which is the availability of credit. But should you take it?

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A Household Debt Worth Paying Attention To

You know the phrase 'things just aren't the way they used to be'? That's never been more true than today. Just a few decades ago, having a good education, settling into a fruitful career, buying a house, raising a family and looking forward to an enjoyable,...

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Summer Vacation Not Debtcation

The weather is warmer, people are coming out of hibernation from the long winter and soon our children will be done with school. Once the summer months get into full gear, people naturally turn their attention to getting away to recharge, relax and (deservedly)...

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Schools Look To Lessen Student Stress Over Debtloads

As the price of post-secondary education continues to rise, along with cost of living, many students find themselves struggling financially both during the course of their studies and upon entering a very competitive job market upon graduation.

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There is no denying the facts: We are living in a tough economy. As more and more Canadians are buckling under the financial pressure of keeping up with living expenses, many are turning to companies who offer quick fixes to what are (more often than...

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Growing Lines Of Credit Spur Warnings

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit in efforts of trying to stay ahead of monthly financial obligations. Taking it one step further,...

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Boc Warns About Rising Debt

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit and (current) low interest rates to help keep up with monthly financial obligations and expenses....

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Guaranteeing Somebody Else's Debt? WAIT!

Sometimes a financial institution or other form of lender will not grant credit to an individual or company (the “borrower”) unless someone else provides a guarantee. This can be potentially dangerous because if the borrower defaults on the loan, the...

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Debt: How Much is Too Much?

Nowadays, most Canadians carry some form of consumer debt. Credit, when used wisely, can be a good thing. But many Canadians are over-extended, financially stressed and struggling to perform a delicate fiscal balancing act. If you are concerned about...

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