Is good credit a problem in a proposal?
February 28th, 2007 by Questions
I have a nearly perfect credit rating (I missed a payment about four years ago, when I forgot to pay a bill – R2 rating.)
My credit has been good because I’ve been advancing money from my credit cards and lines of credit to make my payments. I have enough credit available to do this for another year, but I expect the amount I owe will keep increasing as I don’t have enough money each month to pay my debts.
How will my creditors view my consumer proposal or bankruptcy if I haven’t missed any payments in years?