MNP Debt Blog

According to Statistics Canada, the annual inflation rate in Canada jumped 1.6% in December. Much of this increase can be attributed to the rising costs of groceries.

Credit cards have seemingly become a staple to today’s consumer. Many credit card companies offer points or rewards systems as an incentive to sign up. Major credit cards are accepted by nearly every retail outlet, restaurant, service provider and...

Frustrated and overwhelmed with debt? Given today’s difficult economic climate, you’re not alone. The good news is, bankruptcy is not your only option.

In today’s economic climate, it’s not surprising to learn that Canadians are carrying consumer debt at an all-time high. If you find yourself struggling to make it from one debt payment to the next, staying out of the red can start to feel...

Filing for bankruptcy can be daunting. Many people fear they will lose absolutely everything. The good news is, that’s not the case. When you file for bankruptcy, some of your assets are protected from being seized by the creditors.

Nearly half of Canadians are just $200 away from financial crisis; 28 per cent plan to take on more debt to cover regular household expenses in 2016.

There’s no denying the facts. Given the significant effect the downturn in the oil & gas industry has had across Alberta and Saskatchewan, many businesses are struggling to stay afloat.

Lending money to family or friends can be complicated. While it’s natural to want to do what you can to offer support when it’s needed, there’s always that question of what happens if the debt is not repaid.

Feel like you’re stuck in a cycle of debt and can’t get out? If you’ve had enough of juggling with your debt payments, a debt consolidation loan can help to eliminate the uncertainty of being able to pay your bills on time, while establishing...

According to one industry estimate, approximately 7% to 10% of Canadians use payday loans on a fairly regular basis to get by. Payday loan companies often trap low-income earners and cash-strapped individuals. At first, payday loans might seem like a...