MNP Debt Blog

If you listen carefully, you can already hear the subtle sound of sleigh bells off in the distance – just above the cheerful voices of tellers upselling stocking stuffers at the till.

In today’s constantly shifting economic landscape, many Canadian households are struggling to keep up from one payment to the next – let alone keep up with an ever-increasing cost of living.

As a consumer finance professional, I field a lot of questions about money. But few do I experience more often than the age old — “Should I invest in my retirement or pay off my debt?”

For people with minor or even moderate debt, the combination of a structured financial plan and a few temporary sacrifices can go a long way toward eliminating their burden.

Dealing with the stress of unmanageable debt is exhausting.

The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.

Owing the government money can be very intimidating as it’s assumed the government has a limitless ability to collect the debt through any means necessary.

People often cite unexpected expenses as one of the main reasons they began using their credit cards at the beginning of a debt cycle.

There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.

With the ever-rising cost of post-secondary education comes increased student loan debt.