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MNP Debt Blog

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The latest MNP Consumer Debt Index raises red flags about Canadians’ plans to borrow more – and in potentially riskier ways – to make ends meet or finance their purchasing habits over the next few months.

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Six in 10 Albertans are likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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Six in 10 Quebecers likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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More than half are likely to pile on more consumer debt before the end of the year, including one in 10 who will use buy now, pay later options.

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Six in 10 (58%) are at least somewhat likely to borrow more before the end of this year, including nearly four in 10 (37%) who say they’re inclined to use a credit card that already carries a balance.

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More than half are likely to pile on more consumer debt before the end of the year, including one in 10 who will use buy now, pay later options.

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Six in 10 Atlantic Canadians are likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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Six in 10 Atlantic Canadians are likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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Six in 10 Atlantic Canadians are likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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Six in 10 Atlantic Canadians are likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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