MNP Debt Blog

​As retailers across the province advertise massive discounts to woo shoppers through their doors on Black Friday, thousands of Albertans are preparing to paint their pocketbooks red with debt.

A recent poll conducted by Ipsos on behalf of MNP LTD reveals nearly half (49%) of Saskatchewan residents say their financial situation is the worst around the holidays – more than any other time of year.

A new poll conducted by Ipsos on behalf of MNP LTD reveals one in three Canadians are already feeling the effects of recent increase, while two in five worry any further increases will put them in financial trouble.

Buy Nothing Day: It’s been described as a movement, a means for people to reclaim control over rampant consumerism, an exercise in financial discipline, a protest.

With debt-to-disposable-income ratios higher than ever and non-mortgage consumer debt consistently above $20,000, it’s long been suspected Canadian consumer debt was unsustainable.

A new poll conducted by Ipsos on behalf of MNP LTD reveals 70% of Canadians are already reconsidering their spending habits given the new debt environment and their uncertainty about where things are headed.

Debt by itself can be a scary thing. Coupled with divorce, it can seem insurmountable.

It almost seems impossible to live without a credit card these days. There are just too many situations where one is required to justify not having one.

When Canadians find themselves in financial trouble, they may wonder about their options and who might be able to help.

If you’re feeling trapped by debt and worry you’ve run out of options, it is often helpful to seek sound advice and effective solutions from a qualified professional to get your finances back on track.