MNP Debt Blog

Filing for Bankruptcy is an option for those who are overwhelmed by debt. Bankruptcy provides you with protection from creditor actions and relief from most types of unsecured debts. But it’s not always that simple.

The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.

How well do you understand your finances? In commemoration of National Financial Awareness Day, we encourage you to understand your credit history and constantly monitor your credit score.

Let’s take a look at how interest rate hikes will affect borrowers, lenders, and investors — and how you can manage the impact of increased interest rates on your budget.

Participation in gambling activities is widespread among Canadians.

The MNP Consumer Debt Index for January 2023 is in… and the Index has plunged 15 points from last quarter and is now at an all-time low. The unprecedented quarterly decline underscores the anxiety Canadians feel about their debt situation amid...

Debt by itself can be a scary thing. Coupled with divorce, it can seem over whelming. Financial issues are a leading contributor to marital breakdown, and it can often be difficult to be on the same page when it comes to settling loans, credit cards and...

Parents and educators have a responsibility to ensure our young people understand the consequences of overspending and develop the life skills to budget. But it may be a difficult conversation to have, especially if you are struggling with debts of your...

The new year has just started, and you can still regain control of your finances if you plan your income and expenses using a budget.