MNP Debt

Thank you V.J. for sharing your story. When debt feels overwhelming, the right support can make all the difference.

When you're facing financial challenges, having the right support can make all the difference.

Thank you, J.B., for recognizing the professionalism and care of our team at MNP Debt.

📊 The latest MNP Consumer Debt Index rose to 91 points, yet many Canadians continue to feel the strain of rising costs.

61% of Canadians say at least half of their income is already committed before it arrives, highlighting the ongoing challenge of managing day-to-day expenses and debt obligations.

💸 61% of Canadians say at least half of their income is already committed before payday arrives.

While the MNP Consumer Debt Index rose to 91 (+4 points) this quarter, financial vulnerability remains a reality for many Canadians navigating rising costs, debt payments, and everyday expenses.

Read the latest findings here: https://mnpdebt.ca/en/resources/mnp-consumer-debt-index/infographic

One in 10 Ontarians (10%) are turning to credit or borrowed funds to maintain plans and activities, according to the latest MNP Consumer Debt Index.

MNP Consumer Debt Index: Ontarians caught in pre-spent paycheque cycle amid sustained cost pressures According to the latest MNP Consumer Debt Index, more than three in five Ontarians (63%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.