The Bank of Canada announced on Jan. 21 the interest rate had been cut by 0.25%. Although good news, MNP personal bankruptcy trustees caution Canadians about taking advantage of this decrease by taking on more debt.

A combination of high – albeit leveling – debt, a manageable cost of living and low savings has Albertans feeling conflicted about their finances.

I am over 50,000.00 in credit card debt. Would I be better off to claim bankruptcy than to try to bring down my interest rates?

Aside from getting in shape, finally getting on top of debt is among the top New Year's resolutions made every year.

As 2018 draws near, now is a fantastic time to reflect on the year passed and the goals you would like to accomplish for the year to come.

5 helpful tips for managing your holiday spending

Is there an alternative to bankruptcy? My income is 945 per month at present-my husband is temporarily out of work(construction) and I am unable to repay a large credit card (lent to my son) .Can a credit card company send your debt to a collection agency?

Before going through a bankruptcy, one of the questions I’m often asked is: “What happens afterward?” Most people are wondering how their credit will be impacted and what they can do to help improve their rating again...

Many people experience the frustration that comes with trying to pay down – or ideally, off – their credit card bills each month. It can be difficult to see the majority of your monthly payment going towards high interest charges.

This statement bothers me every time I hear it! To say that a Trustee works for one party suggests that he or she works against someone else.