Ontarians seem to be feeling better about their consumer debt situation and personal finances than just a few months ago, however many are still struggling, according to the latest MNP Consumer Debt Index

Atlantic Canadians are feeling worse about their consumer debt and personal finances than was the case just a few months ago, according to the latest MNP Consumer Debt Index, a quarterly survey conducted by Ipsos on behalf of MNP LTD.

According to a recent Ipsos poll conducted by MNP LTD., Manitoba and Saskatchewan residents are the most likely (56%) to be within $200 of insolvency at month-end compared to other provinces – jumping 14 points since September.

The number of consumer insolvencies per thousand residents in PEI, aged 18 years or above, climbed to 6.1 in 2018 after declining for the past three years.

A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Saskatchewan and Manitoba residents (45%) say they would be embarrassed to get help if their financial situation was bad enough to consider Bankruptcy. One-third (33%) of survey respondents say the stigma surrounding Bankruptcy prevents them from seeking help.

A recent Ipsos poll conducted by MNP LTD., has found that Albertans are fearful of increased financial turbulence in the wake of future interest rate hikes.

According to a recent Ipsos poll conducted by MNP LTD., Canadians continue to fear increasing financial turbulence as the prospect of another interest rate hike looms.

A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Manitoba and Saskatchewan residents (45%) say they would be embarrassed to get help if their financial situation was bad enough to consider Bankruptcy. One-third (33%) of survey respondents say the stigma surrounding Bankruptcy prevents them from seeking help.

I recently worked with a retired and widowed client who came to MNP inquiring about possible debt solutions. He owed more than $120,000 on various credit cards and lines of credit which he was frightened he could never pay back in his lifetime.

If you’re struggling with debt, you may have missed payments, debts may have gone to a collections agency and your stress levels are through the roof. Maybe you’re concerned about your credit rating and what to do next.