How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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Why is my credit rating at R9?

Hello,

Why is my credit rating at R9 when I filed a consumer proposal? Should I contact the credit bureau?

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One Response to “Why is my credit rating at R9?”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

The first question that comes to mind is whether or not you sent a copy of your Certificate of Completion to the credit bureau. If not they may have no idea the proposal is finalized and that the debts have been dealt with. If you have sent this information then the credit bureau potentially could have made a mistake recording this information. If you reference Equifax’s website there are instructions as to how to proceed with correcting any inaccurate reporting.