MNP Debt Blog

The effects of debt can vary from person to person. You might worry over a $1,000 credit card debt, while your friend might not give a second thought until it’s in the tens of thousands.

Like many of the topics we tackle at MNP, the unfortunate answer here is it depends on why you want to use your credit card and what your plan is to pay it off.

We’re asked this question often, largely because of the initial similarities many people see between these two debt solutions.

People are often hesitant to file a Bankruptcy or Consumer Proposal for fear of ruining their credit. They reason they must have excellent credit because they‘ve always made their monthly minimum payments on time.

You’re saving, you’re budgeting for all the costs involved — and you’re nearly ready to put an offer in. But have you factored mortgage default insurance into your calculations?

There’s ample evidence showing post-secondary education can support higher income potential and lifestyle goals that otherwise may not be achievable.

Personal finance can seem like an endless stream of jargon, best practices, and often contradictory advice about what you should do with your hard-earned income.

Given all the challenges Canadians have been through so far this year, it’s safe to say everyone deserves an escape. Vacations can be a great way to escape from everyday responsibilities and reconnect with family and friends.