MNP Debt Blog

Canadians considering taking on more debt over the near or long term may want to think twice.

Managing a spiraling debt load is stressful enough without a constant barrage of phone calls reminding you that you’re behind on your payments.

If you’re planning on moving out for the first time, you’re likely experiencing a flood of emotions.

Canadians are carrying more debt than ever, which has left many wondering if they might be in over their heads.

Debt that you owe and repay to your creditors consists of two parts. The first part is the money you originally borrowed. The other part is the interest (and sometimes fees).

In today's economic climate, with employment on shaky ground and an ever-increasing cost-of-living, many households have turned to credit in times of need to get them through financial binds.

As debt levels continue to creep, what happens when consumers can’t keep up with minimal payments, let alone being able to actually pay that debt down?

With Father’s Day around the corner, I find myself reflecting on some of the financial lessons I learned from my father over the years.

If you are experiencing financial difficulty, and can set aside any emotional bias preventing you from being able to make a rational decision in a timely manner, you will save both yourself and your household from significant stress and anguish.

Seasonal Income has led to many challenges for our clients. We see it often as debt ‘filling in the gaps’ until repayment becomes unmanageable.