THE ENCORE CREDIT RECOVERY LOAN

Pay off your Consumer Proposal now.

Get your credit rating back sooner.

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Don’t let your credit rating suffer for years while you slowly pay off your Consumer Proposal. Pay it out in full with the Encore Credit Recovery Loan – and start rehabilitating your credit rating right away. 

 
 
 
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Start rebuilding your credit rating 5 years sooner.

After your Consumer Proposal is accepted, your credit rating is in pretty bad shape. You can’t begin to rehabilitate it until you pay your Proposal off – 5 years being the standard payment term.

Rehabbing credit takes time. It’s about accessing new lines of credit and making every monthly payment. That establishes a new pattern of credit worthiness. Miss a payment and your credit score takes a big leap in the wrong direction.

Do something about it!

Having a poor credit rating hurts you in many ways:

Your access to credit is extremely limited.
You can’t get a mortgage.
You pay more for insurance.
You pay more for lots of things.

It raises a flag to anyone who does a credit check, something landlords and employers now routinely do.