How to Rebuild Credit After a Consumer Proposal in Canada
A consumer proposal is an alternative to bankruptcy. After filing, rebuilding credit in Canada takes time, but it's entirely possible with the right strategies. Having your rent recognized can contribute to rebuilding your credit history.
Understand what stays in your file
A consumer proposal remains on your credit file for a certain period. Accounts included in the proposal are marked as such. Verify that everything is correctly recorded with Equifax and TransUnion.
Pay on time
Payment history remains the most important factor. After the proposal, every on-time payment contributes to rebuilding your financial reputation. Set up automatic payments or reminders.
Create a positive history
After a proposal, you may have difficulty getting traditional credit. A secured credit card can be an option: you deposit an amount as collateral, and you get a card with an equivalent limit. Use it modestly and pay it in full each month.
Use your rent as potentially useful data
If you're a renter, having your eligible rent payments recognized can add an additional positive piece of information to your file. This is data that doesn't require new credit, and can help build your history over time.
Patience and consistency
The proposal remains on your file for several years. Rebuilding doesn't happen in a day. Be patient, consistent in your good habits, and results will come gradually.
No service can guarantee a specific increase in your credit score. Results may vary from person to person and depend on your overall situation.
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Last updated: October 2026