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
March 19, 2012 at 6:55 am, 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.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.