MNP Debt Blog

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,...

With consumer debt at an all-time high, Canadians are being warned to take steps to reduce their debt before interest rates begin to rise.

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.

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

Could you use a little extra cash in your pocket? Paying off your credit card debt will help.

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.

Paying off your credit card debt can be very challenging but possible if you know the right steps to take.

Household overspending is one of the most common causes of financial insolvency. It’s also one of the easiest to overlook. Overspending tends to creep up slowly and camouflage itself as a different kind of financial challenge. But once you know...

Collection agencies use many tactics to enforce repayment of debt. The most common methods are phone calls and letters. However, depending on the amount owed, the situation can quickly escalate to threats of legal action — which, in turn, can result...