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MNP Debt Blog

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Debt management programs vs. Bankruptcy: Which one’s right for you?

COVID-19 has amplified financial uncertainty for millions of Canadians. Households have faced loss of income through several rounds of lockdowns and a topsy turvy economy, and some have experienced rising debt loads as a result.

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Only you and your child can decide whether post-secondary education is the right path forward. Regardless of what direction their life ends up following, there are steps you can take to prepare for the costs of post secondary education to help ensure...

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What are the various types of consumer loans and why would I use them?

Consumer loans are available in many forms and for a variety of purposes such as purchasing a home, financing a vehicle, and consolidating high interest credit card balances. These financial tools range from ultra specific (e.g., mortgage) to extremely...

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The Canada Student Loan Program provides an opportunity for Canadians to pursue a post-secondary education in instances where attending a college or university may otherwise be out of reach.

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What Happens When You Commit to a Consumer Proposal (MNP 3 Minute Debt Break)

When you’re working toward paying off your debt, life can often feel like an impossible choice between saving money and enjoying your hard-earned free time.

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Is being debt-free good for your credit report?

Life after a Bankruptcy

After receiving your discharge from Bankruptcy, you have now permanently moved on from your past financial issues and are free of your unsecured debts. It’s time to start rebuilding your credit rating.

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What is good debt?

Given the growing concerns around Canada’s consumer debt crisis, it’s only natural to paint it in broad strokes as universally bad. However, that’s not always the case.

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