MNP Debt Blog

Now that you’ve completed your Bankruptcy or Consumer Proposal, you may be considering getting credit again.

Congratulations, you have successfully finished your Bankruptcy or Consumer Proposal! You took control of your financial life and solved your debt issues. Now what?

Your credit record contains information reported by various lenders — including credit card issuers, banks and mobile phone companies — detailing when you opened your account, how much you owe, your payment history, if and how frequently you...

Nobody applies for a credit card, loan, mortgage or car payment with the intention of not repaying those debts.

Remember Simon and Molly? Last month they completed their first bankruptcy counselling session.

When an individual or couple files a consumer proposal or an assignment in bankruptcy, the Bankruptcy and Insolvency Act requires the completion of two financial counselling sessions with a Registered Insolvency Counsellor.

Many people are under the impression if they pay their bills on time they must have good credit.

It almost seems impossible to live without a credit card these days. There are just too many situations where one is required to justify not having one.

You’re at a dealership shopping for a used car. You’d hoped to pay cash, however nothing in your price range suits your needs.

We are approaching the end of April and with that, the deadline for filing your 2016 income taxes. It is a safe assumption that some percentage of the 36 million or so Canadians will owe money to the federal government after filing and will either not...