8 minutes | Apr 28, 2021

Can I Apply for Credit During a Consumer Proposal?

One of the most frequently asked questions we receive is, “Will my credit be affected, and will I still be able to use a credit card after I file a consumer proposal?” The short answer is yes, a consumer proposal will impact your credit rating and yes, you will still be able to acquire a credit card after you file. A consumer proposal will have an effect on your credit report, but these effects are temporary and vary depending on the repayment terms of your proposal.  Listen in and find out how you can quickly rebuild your credit after filing for a consumer proposal.Related Links:Can I Apply for Credit During a Consumer Proposal?:https://davidsklar.com/blog/can-i-apply-for-credit-during-a-consumer-proposal/Consumer Proposal or Bankruptcy? What Is the Best Choice for You:https://davidsklar.com/blog/consumer-proposal-or-bankruptcy-what-is-the-best-choice-for-you/The Role of a Consumer Proposal Administrator:https://davidsklar.com/blog/the-role-of-a-consumer-proposal-administrator/
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