MNP Debt Blog

We’ve all been there – we swipe our credit card or sign on the dotted line to complete a long-coveted (or impulse) purchase only to realize a minute, a day or a week later that we’ve made a mistake.

If you are an individual who has filed a bankruptcy under the BIA and you have not been discharged from bankruptcy, you may opt to make a Consumer Proposal to your creditors.

Many people dream of owning a home. But with consumer debt in Canada at an all-time high, a significant number may worry that goal is out of reach.

The warning signs of financial trouble are everywhere, if you know where to look. Knowing what they are and how to recognize them can be the difference between quickly recovering from one or two bad months and being trapped in a months or years-long battle...

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...

People often worry meeting with a Licensed Insolvency Trustee means they’ll be forced into Bankruptcy or a Consumer Proposal and not offered any other options.

One of the first questions I typically ask my clients is this: “When was the last time you drew up a budget?”

It’s not very often a bankruptcy is advertised in the newspaper – in fact, only about five percent of bankruptcies filed are ever listed in the paper.

The Bank of Canada has raised interest rates five times since July 2017 after going nearly a decade without an increase.

One of the worst parts of having debt problems is dealing with the multiple phone calls from creditors and collection agencies looking for payment.