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MNP Debt Blog

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Do You Have A Spending Addiction?

Most people with an addiction to spending do not realize the extent of their spending until their credit cards or lines of credit are maxed out and bill collectors start calling. A spending addiction can begin as early as childhood and may be caused...

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National Addictions Awareness Week Naaw

November 15-21, 2015 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and...

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Is Bankruptcy the Best Option for You?

Only a government licensed Trustee in Bankruptcy can file a bankruptcy on your behalf in Canada. As part of this process, your Trustee will first conduct a comprehensive assessment of your financial situation to determine if a bankruptcy is your best...

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Is It Difficult To Declare Bankruptcy?

The first step towards filing for bankruptcy, is to call and make an appointment with a licensed Trustee. During this appointment, you will be asked to provide information at this appointment which will allow your Trustee to make an assessment of your...

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Your credit score tells potential lenders a lot about your spending behaviors and ability to manage and / or pay back your debts. When you apply for a credit card, mortgage, student loan, auto loan or any other line of credit, this number will help the...

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Albertans Have the Highest Consumer Debt in the Nation

Canada’s debt ratio is at the highest debt income ration we’ve ever had. For every dollar we currently make, we are spending approximately $1.65 on credit.

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When most people think of the term surplus income they think of the amount that they have available to spend after deducting their discretionary (i.e. entertainment, etc.) and non-discretionary (i.e. child support, etc.) expenses.

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The origins of the fear factor

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What Protection Exists In Ontario For Your Retirement Savings

If you are having difficulty paying your debt in Ontario and are concerned that creditors may be able to seize your retirement fund or if you are considering withdrawing the fund to pay your debt, it is important to know what creditors can and cannot...

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Housing Market Decline

Canadian consumer debt is at an all time high, with more than half of our assets' tied up in real estate.

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