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 cannot emphasize enough how thankful I am for Jackie Stanley's help with filing for bankruptcy.All of us dread being put in this position and we have a million questions about the process but trust me Jackie makes it so easy for you that you don't have to do anything yourself!She is very kind and friendly and puts you at ease right away. She emphasizes with you and let's you know it's not your fault.Most importantly when you leave that first meeting you will not believe the load that is taken off your shoulders. You can actually feel it!You are a godsend Jackie and I can't thank you enough!!I hope you are highly valued there as much as you are by me!
Sue Murray
18:45 05 Dec 21
Putting together and executing a Consumer Proposal can be daunting, that is unless you work with Cori Naron at David Sklar & Associates Inc. Cori's advice and support has been instrumental over the past five years. Thank you Cori!!
Barry Kuntz
20:37 01 Dec 21
I’m very happy with the services I received for Jackie Stanley who helped me get my finances in order. It was a quick and easy process & all of my questions were answered.
Amanda Frappier
01:18 19 Nov 21
I have had the privilege of being supported by Jackie at David Sklar Associate. She was very helpful, very professional and very friendly. She gave me the help I need. Thank you Jackie for your help.
Alex Taylor
22:03 17 Nov 21
Got my probe solved, great service
arny raposo
17:02 11 Nov 21
Jackie at Daivid Sklar and Associates is such a pleasure to work with. She explained everything in great detail and is always there when I have a question or concern. She really cares about her clients.
Steve Medica
09:33 10 Nov 21
I filed a proposal with another group, which came in as a referral from one of my brokers. My experience went from ok to bad to worse, due to lack of communication and education on the process I was to embark on. I worked with Cori Naron in the past, and I came to her now for help on literally doing the work that the other group should have done. Cori stepped in, educated me, advised on rights, responsibilities, how the process works and what potential outcomes may happen. I do not have enough words of recognition and gratitude for what she did - she alleviated stress, anxiety, dead-end thoughts and she made me live again. Congrats to DSklar for hiring her and retaining such talent.
Giani Kokolakis
18:45 25 Oct 21
Very professional service. Before contacting David Sklar & Associates i contacted bunch of other firms they seemed fishy. After I spoke with Jason Sklar at Hamilton Office I discovered professionalism with hope. I was explained every step of my situation with solution professionally. Thank you David Sklar & Associates.
Wajay Awan
07:29 12 Oct 21
I met David a few months ago and i am glad I did. He has helped me all the way through my bankruptcy with good advice and explained every step of the process. David is a very down to earth and very professional. Anytime I've had a question I was able to reach out to David by phone or email and he always got back to me. If your struggling with your bills and need a way to get help, I strongly recommend David Sklar &Associates to help you. My experience with them on 1-5scale would be a 5;; My life is so much better now, thanks to David Sklar.
Bruce Locke
16:13 08 Oct 21
I have had the privilege of being supported by Jackie S, at David Sklar n Associate.She was helpful, professional and friendly. I was able to get the help I needed at a difficult time in my life. I would recommend anyone who needs support with working out their debts to ask for Jackie, she will be waiting to assist however she can to help you through your debts. She works with a team who is always ready and responsive.Thank you Jackie and your team:)
Denise Simpson
15:17 09 Sep 21
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