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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

One Response to “Borrowing while under Consumer Proposal”

A licensed trustee said...

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.