When is a consumer proposal removed from your credit report?

how long does a consumer proposal stay on credit report

Both TransUnion and Equifax have their own policies in regards to how long a consumer proposal stays on your credit bureau and when a consumer proposal is removed from your credit report. Below is the most current data, from their websites:

Consumer proposal credit effect according to Transunion

From their website:

  • The consumer proposal and all accounts reported as satisfied through the proposal will be removed from your file three (3) years from the date you satisfied the proposal or (6) years after the date you defaulted on the account, whichever date comes first.

Consumer proposal credit effect according to Equifax

From their website:

  • A consumer proposal will be removed from your Equifax credit report 3 years after you’ve paid off all the debts according to the proposal, or 6 years from the date it was filed, whichever comes first.


Debt can be a symptom of any number of problems and life circumstances. However, it is important to understand that YOU ARE NOT YOUR DEBT.

At Halifax Debt Freedom, we'd love to discuss how we can help you become debt free.

For information on the real-world impacts of a consumer proposal on your credit please see our article about how a consumer proposal affects credit. The impact is certainly not as severe as people believe it is.

Debt Relief Specialist

This article was written by David Moffatt, a Debt Relief Expert. He has helped assist in creating plans that have helped save Nova Scotia residents over $30 million dollars of consumer and tax debt since 2015. We believe that no consumer should have to struggle with the stress of overwhelming debt. Our debt restructuring strategies can help you cut your debt by up to 80%.

If you are struggling with debt please reach out. It hurts to continue to suffer financially. Halifax Debt Freedom services Halifax, Dartmouth, BedfordSackville the entirety of HRM, and all of Nova Scotia.


We’d love to discuss how we can help you become debt free

"*" indicates required fields

This field is for validation purposes and should be left unchanged.