How long will I have an R9 rating
September 3rd, 2009 by Questions
How long will an R9 rating remain on my credit rating after a consumer proposal. Will it extend beyond 3 years? I`m 49 years old and $25,000 in credit card and line of credit debts. I`m hoping to buy a house after the 3 years.
Posted from: Ontario
One Response to “How long will I have an R9 rating”
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September 05, 2009 at 12:25 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
A consumer proposal results in an R7 that is listed with the credit bureau for 3 years from the date the proposal is finished. So you wouldn’t have a rating as severe as R9 but there is definitely a a negative impact on your credit.