We understand that you will be asking a number of questions before you decide to apply for a government-approved debt consolidation program. First on the list would most probably be “whether you can apply for credit or not” during the period of the program. Others also might want to know “will I still be able to use my credit card” under a debt consolidation program or “will my credit be affected?”.
What does a credit bureau do exactly and how do they impact your credit card or loan applications? Read this article to find out how credit bureaus in Canada operate and how it impacts you.