MNP Debt Blog

The holiday season is meant to be a time to enjoy being with your family and friends. For those with debt stress, it may be difficult to enjoy the holidays when you are experiencing financial difficulties.

People are always asking: are there options before I have to file a Consumer Proposal or a bankruptcy? The answer is YES, but like anything, it takes commitment and diligence for them to work. So what are the options?

One of the first options anyone with financial difficulty should consider is consolidating their debts through what is normally called a debt consolidation loan.

A survey conducted by Pollara for BMO revealed that Canadian holiday spending plans in 2013 were up for the third straight year, with anticipated average spending on travel increasing 22% to $689, while average gift-buying went up only slightly, to $678...

The holidays are just around the corner. The tree is up and decorated, the baking is done, cards and letters are ready to send.

Jill is a 40-year-old Canadian who moved to Australia in 2011 to resume a new life and a new career.

If you are struggling to make your minimum monthly debt payments or if you are concerned that the minimum payments are not effective in reducing your total debts, a personal loan may be an effective way to consolidate your debts and reduce your total...

As Trustees and Proposal Administrators in Saskatchewan, one of the most frequently asked questions we hear is "can I keep my car?." In most of the situations we come across, the answer is - yes.

In Alberta, the answer to this question would be yes.

According to recent reports, auto sales in Canada are on track to reach a new record for 2014, with optimistic consumers tempted by low interest rates, longer loan amortization periods, dealer incentives and more recently, lower fuel prices. It seems...