2026-06-25
Simple credit card tips: How to pay it off faster and keep your credit healthy
Learn how paying down credit card debt, checking your credit report, and managing utilization can improve your financial health.
Life After a Consumer Proposal
Generally speaking, the length of your proposal is under your control and can last anywhere from a few months to five years. Once you’ve made your final proposal payment, you will be relieved of the remainder of your unsecured debts that existed at the time you started the proposal (there are a few exceptions to this, which your Licensed Insolvency Trustee will discuss with you if applicable).
Your credit report will show that you filed a Consumer Proposal for three years after the completion of the proposal. During and after your proposal, it’s important to show lenders good financial behaviours — like paying off your ongoing debts quickly, not bouncing cheques and getting and using a secured credit card — to help rebuild your credit rating. A Consumer Proposal will be removed from your credit report 3 years after you've paid off all the dents according to the proposal, or 6 years from the date it was filed, whichever comes first. Taking control of your financial standing and building a stronger future is what Life-Changing Debt Solutions is all about.
Latest Blog Posts
2026-06-23
Budgeting for post grads A trustees guide to financial confidence after graduation
A Licensed Insolvency Trustee shares simple budgeting tips to help graduates manage money, reduce debt and build confidence.
2026-06-17
How to improve your savings: Two tips from my father
Money wasn’t something my dad talked about very much when I was growing up. However, he did have a couple of expressions he would share repeatedly over the years.
