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

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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, call us at 1-844-962-9200 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 was quite nervous and a little embarrassed that I needed financial advice. I met with Jerry Janiec and he was very helpful. He made me feel comfortable and explained everything in easy to understand terms so that I understood what my options were. I would recommend David Sklar & Associates for anyone in my position.
Melissa Blackburn
19:53 17 Nov 22
I was fortunate enough to be referred to David Sklar & Associates Inc. by a family member. Now in the10th month of a Consumer Proposal process, I am very impressed with the organization, professionalism and impeccable customer representation that I have experienced. To this effect, I amparticularly thankful to Jerry Janiec and Rhoda Lewis for their excellent work.
Suzanna Vaclavik
12:21 16 Nov 22
Recently dealt with Christine at David Sklar & Assoc. and worked out a Consumer Proposal to put forth to my creditors for my Credit Card debt. She was very courteous, professional and put me at ease with a proposal that I can afford on a monthly basis, which will eliminate my debit in a reasonable timeframe. I would recommend Christine and this firm in a heartbeat. Very happy with the service and attention I got !!
Patrick Kovanchak
01:59 15 Nov 22
Excellent customer service. Special thanks to Olga for being prompt and helpful. She’s a star. Bibi is helpful as well. Great agency to work with.
Fady Tadros
19:28 14 Nov 22
After seeing your commercial play on CP24, I realized that it addressed all the questions and concerns I had about my financial situation. It all started with my one phone call to your office. I had the extreme pleasure of working with Cori Naron at your St. Clair West office in September 2022. She took the time to explain what my options were knowing that it was a very stressful situation with my debt load. She made me feel at ease with my decision to file a consumer proposal and outlined the benefits to me. She is thorough and her attention to detail is outstanding. While it takes a little while to reap the benefits of making this hard decision, she took the time to reassure me that it was in my best financial interest. Well done David Sklar & Associates for having such an amazing representative at your company and for allowing me to "get a fresh start"!
David
14:31 14 Nov 22
Very highly perfection individual, well executed and greatly knowledgeable in his work, which guided me me the right decisions making opportunities. Thank you.Sincerely, Peter Romasz
Peter Romasz
20:18 13 Nov 22
Trina Powell was very helpful and made the process very easy. Thanks again for all your help.
Jennifer Hager
17:59 06 Nov 22
Jerry is a caring, trustful, knowledgeable and competent Sklar associate. He understood my needs and quickly went to work on my behalf. Ever indebted to David Sklar and Associates and especially to Jerry for his professionalism and caring approach.
David Craig
19:31 31 Oct 22
Jerry Janiec is very knowledgeable and very helpful everything he explained to me was straightforward and very easy to understand. I'm very pleased to be working with Jerry to become debt free. I will definitely be recommending to any friends or colleagues your services.Thank you again for helping me get on the road to be debt free. 5 Stars is well deserved.
Christopher Rakobowchuk
17:41 27 Oct 22
Hi there! I am very glad to met this company, especially Jackie Stanley. Thanks for her great work and help me to save my money! Very appreciable!
Mehri Agil
02:43 26 Oct 22
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