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MNP Debt Blog

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What is the difference between a Consumer Proposal and debt management plan?

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

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Five resources to increase your money management IQ this financial literacy month

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.

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The illusion of good credit

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.

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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?

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How Do I Challenge Information in a Consumer Proposal

If you have concerns about the proposal, the first thing I would:

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The latest MNP Consumer Debt Index finds that Ontarians are feeling increasingly confident in their personal finances this quarter as interest rate concerns ease.

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The latest MNP Consumer Debt Index finds that Quebecers are feeling increasingly confident in their personal finances this quarter as interest rate concerns ease.

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How you can get the full vacation experience without the debt hangover

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.

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The latest MNP Consumer Debt Index finds that Atlantic Canadians are feeling increasingly confident in their personal finances this quarter as interest rate concerns ease.

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The latest MNP Consumer Debt Index finds that Albertans are feeling increasingly confident in their personal finances this quarter as interest rate concerns ease.

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