MNP Debt Blog

The number of Atlantic Canadians who say they are now $200 or less away from being insolvent at month end has dropped seven points since September to 49 percent, according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos.

Manitoba and Saskatchewan residents see blue skies on the horizon heading into the new year and beyond as more expect their debt situation to improve, according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos.

Canadians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it.

Whichever holiday debt you’re carrying – or may be thinking of incurring – now’s as good a time as any to change course and make it go away for good.

When all is quiet and your body finally stops at the end of the day, your mind doesn’t always follow suit — especially if you’re struggling with financial stress.

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances.

Does this sound all too familiar? You started out with the usual plan for most Canadians — get a job, buy a home and save for retirement. As retirement approached, you expected your mortgage would be paid off and you would have a pension or nest egg....

Many life-changing events are unpredictable. Coping with them is taxing enough without adding steep financial challenges into the mix.

Serious debt is rarely a stand-alone problem. It’s often the result of other factors which either parallel or contribute to financial distress.

​When someone starts talking about financial goals what's the first thing that comes to your mind? Money for retirement? Investing? Taking a cruise around the world? Saving for university for your children?