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.

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.

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.

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.

De nombreux Canadiens entrent dans le mariage avec un fardeau de dettes important. Étant l’un des pays les plus endettés au monde, cela n’est pas surprenant.

Many Canadians enter marriage with a significant debt burden. As one of the most indebted countries globally, this isn't surprising.

Debt can be a heavy burden, and exploring a consumer proposal can feel daunting. It's natural to seek information online or talk to loved ones during this stressful time.

In today’s digital era, the convenience of obtaining anything with a tap of your finger is undeniable. However, these luxuries can quickly add up, significantly impacting your bank account.

Dans l'ère numérique d'aujourd'hui, la simplicité avec laquelle on peut obtenir tout ce que l'on veut d'un simple toucher du doigt est indéniable. Toutefois, ces luxes peuvent rapidement s'accumuler et avoir un impact significatif sur votre compte bancaire.

Canadians are facing a cost-of-living crisis. With rampant inflation, many have taken on more debt just to make ends meet. With interest rates still high, some households might be considering declaring Bankruptcy for the first, second, or even a third time.