Filing a bankruptcy or consumer proposal gives you relief from unmanageable debt. Rebuilding credit is about what you do next — and how you think about money decisions going forward.
Good credit is not about chasing a number or taking on debt as quickly as possible. It’s about building a track record that shows you can manage credit responsibly, borrow carefully, and pay obligations on time.
It is possible to start rebuilding credit during and after a bankruptcy or consumer proposal. To help we have put together a comprehensive credit rebuilding guide to help you. Click on the links to learn more about any of these topics.
Watch Our Course: Rebuilding Credit
We’ve created a short, practical Credit Repair Video Course that walks through credit rebuilding step by step, based on decades of experience helping Canadians recover after insolvency.
Each lesson is focused, plain-language, and designed to help you make informed decisions — not to sell you products or push you into borrowing.
You can watch the entire course or jump to the lessons most relevant to you. This written section complements the course and gives you reference material you can return to as your situation evolves.
Material For You To Reference
We’ve also included material here that explains how credit works in Canada, how insolvency affects your credit report, and the practical steps you can take — when the time is right — to rebuild your credit safely.
- Understanding Credit Reports and Credit Scores
- How Bankruptcy or a Proposal Appears on Your Credit Report (and when will it be removed?)
- How to Get a Free Copy of Your Credit Report
- Correcting Errors on Your Credit Report
- Steps to Rebuilding Credit
- What Helps — and What Hurts
- Should I Use a Credit Repair Company?
A Final Word on Credit Rebuilding
Rebuilding credit is not a race. There is no prize for getting the biggest limit or the highest score as fast as possible.
The goal is something much more valuable: financial stability, confidence in your decisions, and a system that works for you — not against you.
Use this section as a guide, refer to the video course when you want deeper explanations, and take each step when it makes sense for your life and your goals.