MNP Debt

01/31/2023

"All the MNP Ltd. people I talked with from the very beginning were very helpful, soft spoken and understanding. I am very THANKFUL to all of them. I am now free of debt and very happy. I highly recommend their services for anyone who needs financial help."

Get a free confidential consultation today. Fill out the form below and an MNP Debt Advisor will contact you within 1 business day.

01/26/2023

Keeping resolutions can be difficult, and most of us will have given up on reaching our resolutions by the time February rolls around. How do you make a realistic goal and what steps should you take to achieve it?

Change can be difficult, however, and most of us will have given up on reaching our resolutions by the time February rolls around. How do you make a realistic goal and what steps should you take to achieve it?

01/25/2023

There’s no doubt that debt can have a negative impact on mental health. But you don’t have to face the emotional journey of debt by yourself.

Tackling the sources of your financial stress is essential for the sake of your mental, physical and financial well-being.

01/25/2023

Seven in 10 Canadians (68%) say they’re already feeling the effects of interest rate increases, according to the latest Consumer Debt Index. With the BoC announcing another interest rate increase of 25 basis points today, that percentage could continue to climb through the next quarter.

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%.

01/23/2023

Thousands of families are performing the financial balancing act of trying to get by on a single income, making planning financial goals beyond their next payment difficult. The good news is, a strong financial future is achievable with a lot of planning and a little bit of compromise.

Get a free confidential consultation today. Fill out the form below and an MNP Debt Advisor will contact you within 1 business day.

01/23/2023

Financial stress affects Canadians of all income levels and ages, and nearly half of working Canadians admit that stress related to personal finance has had an impact on their job performance. But it doesn’t have to be that way.

Your mental and financial health are connected in ways that can have a significant impact on your life. Here are some ideas to help you manage both as the new year begins.

01/23/2023

“This major shift in Canadians’ attitudes towards their personal debt is a reflection of the rapidly rising interest rates and persistent inflation this past year.”

Almost half of Canadians believe their wages will never catch up with rising prices, while debt concern reaches new level

01/22/2023

“Unfortunately, taking on more debt can have lasting financial impacts and push some into a debt spiral. These kinds of financial struggles often trigger stress and anxiety which can have a significant impact on mental health.”

The MNP Consumer Debt Index dropped to an all-time low in the last quarter of 2022, following an "unprecedented" quarterly decline.

01/22/2023

Canadians’ anxiety about debt spikes amid high inflation, rising interest rates:

Bankruptcy trustee firm MNP says its quarterly consumer debt index fell 15 points since its last survey to an all-time low of 77 points

01/20/2023

The quarterly MNP Consumer Debt Index has taken a drastic plunge to 77 points, dropping a record 15 points from last quarter and marking an all-time low since the Index was created more than five years ago. The unprecedented quarterly decline underscores the anxiety Canadians feel about their debt situation amid rising interest rates, persistent inflation, and heightened affordability concerns.

01/18/2023

and have many Canadians concerned about their debt. 45% say they are $200 away or less from being unable to meet all their financial obligations.

Canadians are Taking Steps to Save Money, but Interest Rates, Inflation, and Affordability have many Concerned About their Debt