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MNP Debt Blog

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My Debts Are Gone – Now What?

Congratulations, you have successfully finished your Bankruptcy or Consumer Proposal! You took control of your financial life and solved your debt issues. Now what?

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Your Credit Report And Credit Scores

Your credit record contains information reported by various lenders — including credit card issuers, banks and mobile phone companies — detailing when you opened your account, how much you owe, your payment history, if and how frequently you...

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Paying Off Debts With Creditors

Nobody applies for a credit card, loan, mortgage or car payment with the intention of not repaying those debts.

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What Happens At The Second Counselling Session?

Remember Simon and Molly? Last month they completed their first bankruptcy counselling session.

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What Happens At The First Counselling Session?

When an individual or couple files a consumer proposal or an assignment in bankruptcy, the Bankruptcy and Insolvency Act requires the completion of two financial counselling sessions with a Registered Insolvency Counsellor.

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Many people are under the impression if they pay their bills on time they must have good credit.

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How To Live Without Credit Cards

It almost seems impossible to live without a credit card these days. There are just too many situations where one is required to justify not having one.

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Big Purchase? What It Means For Your Credit

You’re at a dealership shopping for a used car. You’d hoped to pay cash, however nothing in your price range suits your needs.

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We are approaching the end of April and with that, the deadline for filing your 2016 income taxes. It is a safe assumption that some percentage of the 36 million or so Canadians will owe money to the federal government after filing and will either not...

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What Information Appears On My Credit Report

With the steadily increasing record levels of consumer debt amongst Canadians, as a Licensed Insolvency Trustee, I am surprised by the number of people who contact me without having ever obtained their own credit report.

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