Borrowing while under Consumer Proposal
Once your consumer proposal has been accepted and you are in repayment mode, can you go out and borrow money?
Posted from: Ontario
Once your consumer proposal has been accepted and you are in repayment mode, can you go out and borrow money?
Posted from: Ontario
There’s no law or rule stopping you from trying to borrow after you have filed a consumer proposal – the difficulty will be finding a reputable company to actually lend you any money. Most require you to have been out of the proposal for at least 2 years before they will consider you for a loan.