MNP Debt Blog

Huffington Post Canada recently covered MNP’s Debt Sentiment Survey. The numbers are in and they’re not looking good.

As the energy sector continue to spur unemployment across the country, millions of Canadians find themselves turning to credit to keep up with the cost of living.

As unemployment continues to grip many Canadians largely due to struggling crude oil prices, it probably doesn’t come as a surprise to learn many have found themselves relying on credit to make it from one financial obligation to next.

Even with their debt concerns growing, Canadians appear to be reluctant to get help. A survey from MNP Debt revealed that only 14 per cent of Canadians who admit to being unable to pay their bills have sought professional help to deal with their debt....

As the real estate market in British Columbia continues to create demand and increase property value and interest rates sit at rock bottom prices, many home and investment property owners throughout the province have allowed themselves indulgent consumer...

A huge portion of residents of Saskatchewan and Manitoba are concerned about their level of debt and their ability to meet their payment obligations. Sixty-four per cent of residents now say they are $200 or less per month away from not being able to...

Alberta’s consumer debt is the highest in the country and a new survey shows that Albertans are growing increasingly concerned about their ability to meet their payment obligations.

Almost sixty per cent of Ontarians now say they are $200 or less per month away from not being able to meet all of their bills or debt obligations each month, an increase of 10 points since February 2016.

As low borrowing costs and surging real estate prices continue to prop up consumer debt levels in British Columbia, an increasing number of people in the province are feeling concerned about their debt.

A huge portion of residents of Saskatchewan and Manitoba are concerned about their level of debt and their ability to meet their payment obligations.