We offer two main services: a consumer proposal, which is a formal debt settlement, and bankruptcy. Consumer Proposal and Credit Rating Penalties
DYLAN ASKED: My credit card is in both mine and my dad's name. Will including that debt in a consumer proposal hurt his credit rating?
You should start rebuilding your credit right away.
Your debts do not affect your spouse’s credit rating!
Dealing with your personal debt problems on your own without any professional assistance is the only way to maintain your current credit rating.
There are two credit reporting agencies in Canada: Equifax and Transunion
Consolidation loans are one of the debt settlement strategies we review with people but we're not a lender. While consolidation loans are a popular debt settlement strategy there are a number of issues.
We were asked: Can a consumer proposal clear old debt in collections - will filing affect my credit rating?
We're here to help you deal with debt and give the best option possible depending on your personal situation. Filing a consumer proposal is not a strategy for rebuilding your credit, it is a strategy to get out of debt.
We receive many questions regarding the difference between debt consolidation and a consumer proposal.
If you've already filed personal bankruptcy once in Ontario, it's important to consider all your options before filing a second time. Going bankrupt for a second time damages your credit for much longer than a first bankruptcy.