Credit Score

How long does a consumer proposal stay on a credit report? (Updated)

Credit Score in Consumer Proposal
Both Equifax and TransUnion have shortened the time that consumer proposals remain on a credit report and impact a credit score. A consumer proposal will continue to appear for three years after a consumer proposal is fully performed. It will now also be limited to a maximum of six years after the consumer proposal was originally filed. This means that a consumer debtor taking the full five-…
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Rebuilding Credit After a Proposal or Bankruptcy

Piggy Bank with Bandage
One of the most common concerns from the many individuals who trust us with their financial difficulties is rebuilding credit and re-establishing credit. It’s not that these individuals want to run up credit after declaring bankruptcy or filing a consumer proposal, but they have a real concern over how their decision to tackle their debt will impact their next car purchase, renting their next …
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Credit Score Only Part Of The Puzzle

Man staring at piggy bank
Almost every day an individual struggling with paying their debts responds with the phrase “I have a great credit score” and they are concerned about the impacts that dealing with their debts will have on their credit score. These three digit scores and their underlying ratings are designed to distinguish those who have mediocre credit (and should get higher interest rates and worse …
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