How does an unresolved R9 reflect on a credit report over time?

Unresolved R9 on you credit report

An R9 Credit Rating is bad debt, debt placed for collection; moved without giving a new address or bankruptcy. An unresolved R9 can harmfully affect your credit score and make gaining credit in the future very difficult.

Your credit rating, represents your ability to cope with financial credit. If you find that you have a lower credit rating, or a higher R rating #, then you will want to start looking into rebuilding your credit.

If you have debt that is currently in collections, you should look at working with them to help resolve your particular situation. Unpaid debts from collections can have a negative effect of you receiving credit in the future. If you find that the debt amount is very small, you can look at trying to settle this debt.

If you find you do not know what to do, and your debt may be overwhelming, contacting our offices for a free initial consultation is advised. Every case is different, and we can help find out the best course of action for you.

Tips on how to rebuild your credit:

Pay your bills on time (All of them) – not making all your payments ,or missing payments can hurt your credit rating, and your ability to get credit in the future. Pre-authorized payments are an option to help make sure your payments are made on time.

When possible pay more than the minimum as this will help pay off the loan faster, but at least pay the Pay (delete the 2nd pay) minimum balance each month. No missed payments!

When you do have missed payments on your bills or credit cards, make sure you get this straightened out ASAP, get your payments up to date and stay on top of them. You need to remember that your long term history of payments has a factor in your credit history.

Applying for Too much Credit. Numerous requests for credit could be taken as a signal that you have bad money management. Try to avoid too many credit requests on your account, as this can hurt your credit rating.

Manage your Debt Load. Keep check on all your debt, even additional small debts can quickly add up to one big unmanageable debt. A recent study from Statistics Canada shows that Canadians owe about $1.63 for every $1 of disposable income they earn.

Try to avoid using your Credit to Pay off your other Credit. While consolidating your debt so you are paying a lower interest rate over all can seem like a good move to help reduce the amount of interest you are paying and help pay off your loans faster. Careful consideration should be taken before proceeding with a consolidation loan.

It is extremely important here to not fall into your past temptation of using your credit card unwisely and build of that debt again. Read more from our site on Debt Consolidation loans to help learn more.

If you are in the Greater Toronto area, have credit issues and are looking for help, call the offices of David Sklar & Associates at 416-498-9200 to book your free consultation

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt and live in the Toronto area, call us at 416-498-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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I have to say, I never thought that such process could have been so quick and easy. But then again I guess that's what happens when you deal with professionals. I dealt personally with Rodha Lewis, who was very attentive to my personal issue and very professional on her work. She's someone who will actually take her take and talk to you about the process and help you as much as she can. I am very grateful to her and very appreciative of her work. I couldn't have dealt with someone better. Thank you very much Rodha for your work.
fidel Cruz
14:35 24 Jun 21
I just completed my proposal and I am thrilled. Rhoda was delightful to work with. She helped me end the phone calls and start rebuilding my life. I highly recommend the services here and will always recommend to anyone who asks. Definitely seek out their services if you are in need of some help.
Maria Curbelo
13:43 23 Jun 21
Very professional and fast service! Also, personable!.. they don't treat you like a number, but like a person.From the time I first contacted them, until I was set up there has been not more than 7 days.I dealt with Jackie, she was great!
Jelena Petrovic
18:06 20 Jun 21
I would just like to say thank you to David Sklar & associates for helping me out in this difficult time I was in way over my head, I was introduced to Jackie Stanley, at that moment things got better the calls stop. Jackie was so professional helpful, trusting answered all my calls all my Text, and emails professionally and respectful!! I can’t believe it, and now I’m gonna build my credit rating back up and have my life back Thank You, Jackie Stanley at David Sklar& associates, for doing an outstanding Job!!!!
Mark Simmonds
21:50 16 Jun 21
I am not very good at putting words together especially when your speechless for all the help from such a friendly happy non judgemental team. From being financially stressed and depression hitting all at once I connected with Jackie Stanley💯❤❤ from David Sklar team in a whole other level,she is an absolutely joy to deal with and very informative let me know there is light at the end of the tunnel.. despite my struggle the amazing lady Jackie Stanley was able to put a smile on my face and make me laugh super happy and grateful 🙏I was able to connect with her from David Sklar &Associates team I 💯 percent recommend her (Jackie Stanley) and will continue to recommend her. To any one looking to get out of debt or have any questions belive me when I say you will not be disappointed with Jackie she's such a great person and I'm lucky to have been able to recieve the help and guidance from such a wonderful person and you will be also...look no further no where but up from here ...Thank you So so much Jackie much appreciated
Richelle Barriault
17:57 16 Jun 21
Reached out to Jackie, who was very cordial and professional. Highly recommended.
The Lit Lion
16:54 16 Jun 21
I must admit that I am so glad I called! I spoke to Rhoda Lewis who right away made me feel at ease. She's so caring and supportive I highly recommend her. Thanks to her my life is now on track! Thank you David Skylar & Associates Inc!
Grace Muller
17:55 25 May 21
Very professional and courteous. Jackie was very helpful and understanding. She was happy to answer any questions I had and we were able to process everything quickly with no hassle.
Nicholas Burnett
17:07 19 May 21
I would say my experience with David Sklar was spectacular, they made it really easy for my through the whole process and now 9 months later my bankruptcy is discharged.i would recommend David Sklar to anyone.
HN
23:00 06 May 21
I had a nagging defaulted student loan that was holding me back. There were a few smaller issues that were compounding. The lockdowns really forced me to look into building back my credit and starting fresh.Ashley at David Sklar & Associates at the Keele and Finch location was a blessing. She was thorough in her explanations and answered any concerns I had. She gave me the options and let me decide what was best. After conferring with her, I decided bankruptcy was the best option. She made the process of filing for bankruptcy easy.There's nothing to be afraid of. Stigma attached to bankruptcy but you can reset if you work hard to make it happen.I highly recommend speaking with Ashley if you have any concerns about debt solutions.
A M
14:39 04 May 21