FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Comments

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Consumer proposal credit scores

I here when you do a CP that you score is a R9 and some say R7. Can you clarify this.

Posted from: Saskatchewan

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Consumer proposal credit scores”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

I would be happy to clarify. First of all we are talking credit rating not a credit score. The credit score is a weighted average of a number of different variables so there is no set change that happense as the result of filing a consumer proposal.

With a credit rating it is different, there are 9 levlels and each level is specifically designated. What you will find is that with a consumer proposal you will have an R7 listed for 3 years from the date you finish the proposal.

An R9 is what is registered when a bankruptcy is filed.