How to Rebuild Your Credit after a Consumer Proposal? - PowerPoint PPT Presentation

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How to Rebuild Your Credit after a Consumer Proposal?

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Everyone is aware of the advantages of consumer proposal. Bankruptcy and other consumer proposals can be a helping hand in relieving your stress about the creditor and debtor, yet it does not stop your struggle. – PowerPoint PPT presentation

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Title: How to Rebuild Your Credit after a Consumer Proposal?


1
How to Rebuild Your Credit after a Consumer
Proposal?
2
  • About Us
  • We at Credit 720 work for you in a similar way
    just as your Tax Consultant or Accountant. You
    hire our expert advice in debt negotiations as we
    help protecting your assets and safeguarding your
    rights as our esteemed client.
  • At Credit720, our goal is to protect your best
    self-interest and not the creditors. Debt
    Consolidation, Consumer Proposal - Calgary
    Edmonton Region.

3
  • How to Rebuild Your Credit after a Consumer
    Proposal?
  • Everyone is aware of the advantages of consumer
    proposal. Bankruptcy and other consumer proposals
    can be a helping hand in relieving your stress
    about the creditor and debtor, yet it does not
    stop your struggle. After all the minor work
    starts the paperwork after which the credit
    rebuilding service would start, and it is one of
    the major concerns of people about insolvency
    proceedings. Below mentioned are the points that
    can help you in speeding up the process

4
  • 1. Keep an Eye On the Credit Report
  • One of the initial steps is to rebuild the credit
    so that the credit bureaus get the correct
    reporting. You should keep a track of your credit
    rating.
  • 2. No Delay On Payment Time
  • When you are filling the form make sure that you
    make it a point to complete the payments on time.
    In case you miss your payments for three months
    straight then your creditor is obliged to take
    legal actions against you. For any reason, if you
    are not able to make the payment you can then you
    can use your advantages of consumer proposal that
    can help you in avoiding default.

5
  • 3. Hold A Safe Credit Card
  • After you get the credit card the past deposit
    works in your favour. When you successfully
    receive your certificate of full performance you
    are then entitled to credit all over again.
  • 4. RRSP Loan Perk
  • If you are not able to give a full contribution
    to your registered retirement savings plan yet
    you can always take out a bank loan. Banks will
    always lend a helping hand to people who have
    RRSP loans and that would increase your
    retirement savings and would also help you
    improve your credit score.

6
  • 5. Go Out but Not Out of Your Budget
  • No loophole will help you if you dont remember
    to stay well within your budget. Paying your
    bills regularly will not only get you out of
    bankruptcy but will also help you in increasing
    your credit score. All this helps in a better
    report making of your credit score.
  • Conclusion
  • A survey in the USA showed that 48 of
    respondents, who opted for credit rebuilding
    services for at least 6 months, faced an
    escalation of 100 points or more to their credit
    score.

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Contact Us
Red Deer 924, 4747 67th St,Red Deer AB, T4N
6H3Telephone (403) 337-4000Fax (780)
666-9721Email info_at_credit720.ca Edmonton
South 9856A 33 Ave NW, Edmonton AB T6N
1C6 Telephone (780) 666-2600 Fax (780)
666-9721 Email info_at_credit720.ca
Edmonton North 203, 12930 50 St, Edmonton, AB T5A
4L2 Phone 780.666.2600 Email info_at_credit720.ca
Lloydminster(Alberta Saskatchewan) Unit 102,
4802 -50th Avenue, Lloydminster, AB T9V
0W5 Phone 403.337.4000 780.666.2600 Email
info_at_credit720.ca
http//www.credit720.ca
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