Tag Archives: Credit Repair

Question: I have a consumer proposal which I am half way through paying off. I got a copy of my credit bureau because I am trying to qualify for a mortgage. When I pulled my bureau I noticed that the mortgage company had hit my bureau very heavily and it… Read more

Question: About 6 months ago I was discharged from a bankruptcy and haven’t done anything yet to re-establish my credit. I’ve also moved (renting as usual) and changed jobs (different industry) in the last month, so I have no job or residence stability. My bank won’t offer me any sort… Read more

Question: I previously filed a consumer proposal to deal with credit card debt and a line of credit. I have been paying 400/mth for the last 3 years and have another 2 years to go. Whenever I have applied for credit to rebuild my credit, I’m told that I claimed bankruptcy… Read more

Question: Hi! I went through a consumer proposal, and now I’m wondering what do I have to do to clear my credit report. Is it going to be there forever? I was told that after 3 years my credit score will be clean. Do I have to contact credit agency… Read more

Question: We have just paid off our consumer proposal three months early. How do we go about getting a unsecured credit card. It seems nowadays you need to have a credit card for deposits etc. Answer: Congratulations on paying off your consumer proposal early.  You can apply for an unsecured… Read more

Question: I have made a informal proposal which was accepted. I paid my creditor 50% of the outstanding debt to clear the debt. If in a year or two things get better for me financially, will I be able to apply for a credit card again, or will I have… Read more

Rebuilding your credit is achievable. It just takes time and commitment. By making sure you make your payments on time and in full each month you can repair your credit score and improve your credit report. How long it takes to repair bad credit depends on what needs to be… Read more

Question: What are the credit score consequences of a debt management plan or consumer proposal? Debt Settlement Programs and Your Credit Rating The impact on your credit rating of a Debt Management Plan or a Consumer Proposal are the same. Both appear as an R7 on your credit report (R1 being… Read more