Frequently
Asked Questions

 

Is there interest on the Loan?

Are there fees associated with the Loan?

Will my monthly Loan payments be the same as my Consumer Proposal payments?

What is the term of the Loan?

Do I have to stay in the Loan for the full term?

Is their a penalty if I payout my Loan early?

Do you look at my credit score when I apply for a Recovery Loan?

What are the minimum and maximum amounts for the Encore Credit Recovery Loan?

If I have been in my Consumer Proposal for a year, and wish to pay it out, am I possible candidate for an Encore Credit Recovery Loan?

Can you rebuild credit while still in a proposal?

How long does it take to get approved?

How are my payments structured?

Will I need to send any documents?

Why is it important for me to read and understand my loan agreement?