I'm 39 years old and have had the same stable job for ten years. I earn approximately $65,000 a year. I filed a consumer proposal almost two years ago. At the time, I had nearly $30,000 in credit card debt. I rent my home and have a car that was paid off before I filed the proposal. I have three years left on my loan. I have over $10,000 in my RRSP. Do you think it would be possible for me to get a loan to clear my debt with the trustee in order to improve my credit score and get faster access to a mortgage?
It's possible, but not easy. The bank will probably ask you for a guarantor.
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