MNP Debt
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In many ways facing unmanageable debt on your own is a lot like building a deck, re-wiring a garden shed, or plumbing a new bathroom. Simple, straightforward projects can help build much needed skills and confidence. But taking on more than you can handle can do just the opposite and create an even bigger, costlier problem. #DefeatDebt #DIYdebtsolutions

New data show that consumer insolvencies filed in Canada jumped 22.8% in March, the biggest monthly increase in more than 10 years. It's also the largest single month of new filing activity since the onset of the pandemic more than a year ago. #DefeatDebt #MNPcdi

There’s no one-size-fits-all strategy for getting out of debt. The MNP Debt Calculator can create a clearer picture of where to go next, so you can move forward with the confidence you’re heading in the right direction. #DefeatDebt #DIYdebtsolutions

Compound interest can be highly beneficial when you’re investing because every month you can earn additional interest on the interest you earned over the previous months. But it can be debilitating when applied to debts because your lender will charge interest on any interest you haven’t paid over the previous months. #DefeatDebt

The MNP Debt Calculator is a powerful tool that takes your assets, income and debt obligations into account, and offers potential options to forge ahead with getting rid of debt. Launch yourself toward a financial fresh start with the MNP Debt Calculator. #DefeatDebt #DIYdebtsolutions

Take this quick 14 question survey for you to learn more about your debt health. Based on your answers, we will provide steps you can take to either help you achieve or continue living your debt-free future. #DebtScale #DIYDebtSolutions #DefeatDebt

While some are fortunate to continue working from home in their present jobs, others are struggling with financial uncertainty and not knowing whether their job will still be around after the pandemic, says Grant Bazian, president of insolvency firm MNP, in a release. #MNPcdi

We remember. #RemembranceDay

The fact is, debt happens to good people, but don't let it take over. #DefeatDebt

With pent-up demand and low borrowing costs driving demand in the Canadian housing market, first-time homebuyers are looking to get their foot in the (homeownership) door. However, according to BMO's latest release on the housing market, many indicate they will look for help from family to get there. And with COVID as a backdrop, first-time buyers say the pandemic will influence the type of mortgage they choose. Read more:

Now that you’ve been discharged from Bankruptcy / completed your Consumer Proposal and rebuilt your credit, you’re keen to take the next step toward home ownership. You’re saving, you’re budgeting for all the costs involved and you’re nearly ready to put an offer in. But have you factored mortgage default insurance into your calculations? Learn more: #DefeatDebt

There’s no one-size-fits-all strategy for getting out of debt. Your goals, financial and family circumstances are unique, and all deserve consideration in determining your best path forward. Check out some of our self-assessment and self-help tools here: www.MNPdebt.ca/DIY

Did you know? Every MNP 3 Minute Debt Break episode delivers one key money management tip in less time than it takes to brew yourself a cup of coffee. You can stream our Podcast on several streaming platforms: linktr.ee/MNPDebtPodcast

Find out how a Consumer Proposal can help you eliminate your debt and gain control over your financial future. #DefeatDebt

A new study says many Canadian entrepreneurs are focused on shoring up their balance sheets after recording a drastic drop in revenues and mounting debt during the first wave of COVID-19. Read more: