MNP 3 Minute Debt Break

October Debt Index (MNP 3 Minute Debt Break)

The latest MNP Consumer Debt Index rises to 89 points as lower interest rates improve financial outlook. But the cost of living is forcing Canadians to make some tough sacrifices.

Financial Literacy (MNP 3 Minute Debt Break)

What is “Financial Literacy”? In the simplest terms, financial literacy is understanding how money works. It's about grasping the basics of budgeting, saving, investing, and managing debt. 

Littératie Financière (Parlons Dettes EN 3 Minutes)

Qu’est-ce que la « Littératie Financière »? En termes simples, la littératie financière consiste à comprendre le fonctionnement de l’argent. Il s’agit de comprendre les bases de la budgétisation, de l’épargne, de l’investissement et de la gestion des dettes.

Checking Your Credit Score (MNP 3 Minute Debt Break)

Checking your credit score regularly is an essential step in managing your financial health. Your credit report is a comprehensive summary of your credit history, detailing information like payment history, credit accounts, outstanding balances, and any accounts sent to collections due to non-payment.

Dette et Divorce (Parlons Dettes EN 3 Minutes)

Vivre un divorce ou une séparation peut être un défi émotionnel et financier, et l'un des aspects les plus complexes est la gestion des dettes. Tout comme les actifs, les dettes doivent être examinées. Le partage des dettes peut soulever de nombreuses questions quant à la responsabilité, en particulier lorsque l'un des conjoints ou les deux ont du mal à les rembourser.

Debt In a Divorce (MNP 3 Minute Debt Break)

Going through a divorce or separation can be emotionally and financially challenging, and one of the most complex aspects is dealing with debt. Just as assets are divided, debts must be looked at too. The division of debt can raise lots of questions about responsibility, especially when one or both spouses struggle to pay it off on their own.

Good Reasons for Borrowing Money (MNP 3 Minute Debt Break)

Borrowing money often gets a bad rap, but in actuality… it’s not always a bad thing. Sometimes life throws unexpected expenses your way, or maybe you need extra cash to invest in your future. In these situations, borrowing can be a smart financial decision... if you’re careful.

Avantages d'une Proposition de Consommateur (Parlons Dettes EN 3 Minutes)

Près de la moitié des Canadiens se trouvent à seulement 200 $ de ne pas pouvoir couvrir leurs dépenses mensuelles. Si vous ressentez une pression financière, vous n'êtes pas seul. Mais que faire lorsque des coûts imprévus vous poussent au bord du gouffre? Si vous luttez contre des dettes mais souhaitez éviter les conséquences à long terme d'une faillite, une proposition de consommateur pourrait être la solution idéale.

Pros and Cons of Consumer Proposals (MNP 3 Minute Debt Break)

Almost half of all Canadians are just $200 away from not being able to cover their monthly expenses. If you're feeling the financial squeeze, you're not alone. But what happens when unexpected costs push you over the edge? If you're grappling with debt but want to avoid the long-term effects of bankruptcy, a Consumer Proposal might be your solution.

July Debt Index (MNP 3 Minute Debt Break)

The MNP Consumer Debt Index has dropped to 85 points, down six points from the previous quarter.
Conducted quarterly by Ipsos on behalf of MNP Limited, the Consumer Debt Index tracks Canadians’ attitudes about their debt and ability to meet their monthly payment obligations.