MNP Debt Blog

According to a recent Ipsos poll conducted by MNP LTD., the increased cost of borrowing due to rising interest rates is causing many Canadians to re-evaluate their relationship with debt.

If you want to leave a legacy when you pass away, defeat debt before you retire. Otherwise all you leave may be paperwork and memories.

Bankruptcy isn’t free, but it may be the life changing debt solution you’re looking for.

Budgeting and saving money are no longer necessary steps for making a big purchase.

Owing, in large part, to nearly seven years of ultra-low interest rates, low-barrier borrowing and the relative affordability of credit, Canadians are further in debt than ever before.

When you file for bankruptcy, it is helpful to first understand what the potential related costs of the process are and how they are determined.

The number of Canadians aged 65 and older is increasing rapidly. By 2030, they will make up more than one quarter of the country’s population.

Financial stress has been linked to relationship troubles, depression, high blood pressure and even a decreased immune response.

With the Bank of Canada raising interest rates on September 6, debt holders across the country are left wondering what it means for them.