March 19th, 2012 by Questions

If i pay the amount on the proposal by one payment will still remain on my credit for 6 years or 3 years

Posted from: Ontario


One Response to “Sir”

, A licensed trustee said:

Proposals continue to be reported for 3 years after they have been paid in full.

A word of warning – the paperwork takes time to cacth up with the money. If you pay out your proposal at any time in the first year, it may take 5 or 6 months for the paperwork to get fully processed by the reporting system – the 3 years will start once the reporting system records it.

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