A number of specific factors go into determining a credit score. Scores change frequently as these factors are based on what someone does or doesn’t do with the credit they already have available. Here is a little insight into what goes into a credit score:
The sooner you pay off your consumer proposal - the better.
RACHEL ASKED: I claimed bankruptcy due to a divorce and was released two years ago. What is the best way to build my credit fast?
Filing a consumer proposal results in an R7 credit rating.
Is it better to make a consumer proposal or file bankruptcy when it comes to affecting credit rating?