| Author: |
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Diane |
| Date: |
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August 7, 2002 |
| Question: |
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If I enter into a consumer proposal and all the terms are accepted by my creditors, will it appear on my Equifax credit report that I have paid these bills once I have met all my requirements? Thank you.
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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August 7, 2002 |
| Answer: |
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We have been advised that a consumer proposal should show up on your credit record as an R7 and be reflected as a proposal/settlement for 3 years after completion. If you'd like additional information please contact either Equifax at 1-800-465-7166 or Trans Union at 1-800-801-3619. As the Credit Reporting Agencies, they can advise you of their policies.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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