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MNP Debt Blog

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Buy Now, Pay Later: A Double-Edged Sword

It is important to understand the terms and conditions of a buy now, pay later plan before signing up for it.

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What happens to debt in a divorce or separation?

It’s important to understand how the debt will ultimately be split up, and what happens when one spouse can no longer afford to pay their share.

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Bank of Canada's announcement on the prime lending rate: Why you should care

A hot topic in economic news these days is the question of when the Bank of Canada will announce whether they are going to change the prime lending rate. For consumers, the more important question is: how will this announcement affect you?

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How starting to save early can help relieve financial stress during the holiday season

Starting to save early can help ensure you stay within your budget and reduce financial stress in the New Year.

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Seasons of Savings – How to avoid overspending this summer

It’s been a long, cold winter, and summer is finally here. It’s a season for seeing friends and family. A chance to travel to new and familiar places.

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Can your debt survive a Bankruptcy?

Filing for Bankruptcy is an option for those who are overwhelmed by debt. Bankruptcy provides you with protection from creditor actions and relief from most types of unsecured debts. But it’s not always that simple.

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Why checking your credit score matters

How well do you understand your finances? In commemoration of National Financial Awareness Day, we encourage you to understand your credit history and constantly monitor your credit score.

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Can I file a second Consumer Proposal?

A Consumer Proposal is one of the many options available to consumers who are looking for a manageable way to eliminate debt while avoiding Bankruptcy. But you’re wondering if you can file another Proposal if you’ve gone this route once or...

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How to budget when you’re unemployed

When you find yourself out of employment and unable to make ends meet, there are several steps you can take to navigate the situation.

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