If you're worried about the impact debt restructuring will have on your credit rating, a consolidation loan may be your best option if you're able to qualify. We can review your situation and advise if this is the best route for you, as well as providing standard criteria to qualify, and where best to apply.
If can obtain a consolidation loan program, you borrow the funds required to pay of a consumer proposal or another form of debt restructuring strategy. By paying off your consumer proposal it will immediately report as fully satisfied, allow you to correct trade reporting errors and making your regular loan repayments to the lender. If you combine your consolidation loan and the 4 Pillars credit rebuilding program, you quickly begin building back your credit rating. Within just 24 months you can achieve a 650+ credit score.
