Tag Archives: rebuild credit

Rebuilding Your Credit

Making a consumer proposal or assignment in bankruptcy results in R7 or R9 credit ratings respectively. An R7 rating remains on your credit report for 3 years after completing your proposal while an R9 credit rating remains on your credit report for 6 years after receiving your discharge from bankruptcy. Your credit rating is based on your credit history and isn’t determined by any single event. Re-establishing a strong credit rating requires you to consistently make the required payments ...

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