A credit event isn't the end — it's a timeline.
Consumer proposal, bankruptcy, CRA arrears, missed payments, foreclosure: every one of them has a mapped route back to prime lending. Pick what happened and when — get the lanes open today, your dated milestones, and the accelerators most people never hear about.
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Case Studies — files like this
Anonymized case studies from our files. Names and identifying details removed.
- Case study · Residential / PrivatePharmacists Re-Certifying in Canada Completed a Langley Presale: A Private One-Year Open Mortgage at 74%Two pharmacists re-certifying in Canada, salaries of about $32,000 each and a 523 score: a private one-year open mortgage at 7.95% in 2022, about $550,000 against an appraisal of about $750,000, completed their Langley presale with the rise in value counted toward the down payment.Read the file →
- Case study · Residential / AlternativeA COVID Income Dip and a Collection: An Alternative Lender's Open Equity Line at 73% in DeltaA film location scout with a COVID income dip and a collection already cleared: an alternative lender's open equity line at 9.99% in 2022, behind the first mortgage at about 73% of the Delta home's value, paid out the personal loan and left a cash reserve.Read the file →
- Case study · Residential / PrimeA Parent's Gift for the 5%: A Credit Union's Insured Mortgage Bought a First Home in Langley at 95%A first home with 5% down, all of it a gift from a parent, and a job under two years old. A credit union's insured mortgage bought a Langley condo at 95% in 2023, about $420,000 plus the premium at about 4.6% fixed for five years.Read the file →
More case studies that use this calculator (24)
- Private Second at 61%, Bank First Kept
- Alberta Rental's Tax Arrears Cleared
- Sixteen Debts Into One Private Second
- Single Parent, 594 Score, Refinance at 60%
- Collections and a U.S. Hospital Bill Cleared
- Blended Rate Kept a 2021 Mortgage Rate
- CRA Back Taxes and Arrears Settled at 80%
- Judgment, CPL, 497 Score: Title Cleared
- Second Mortgage With an Interest Reserve
- Renewal Offer Not Competitive: Moved Lenders
- Equity Line Cleared Debt at Scores Under 530
- Leasehold Condo First Home, Insured at 90%
- Collections Cleared, Title Corrected, 75%
- Consumer Proposal Paid, 1.79% First Kept
- Ontario Refinance at 75% Funded the Presale
- Alberta Presale on a Private Open Mortgage
- Alberta Retirees' Written-Off Debts Cleared
- Business Owner Out of a Private Mortgage
- Retirees: Private to a Bank in One Year
- Retirees' $236K of Debt in One Private Loan
- Bankruptcy Behind Them, Alberta Purchase
- Consumer Proposal: From 10% to Under 5%
- Officers Approved Despite a Past Bankruptcy
- Private Lender at 10%+ — We Cut the Rate in Half
Can I get a mortgage during an active consumer proposal?+
Often, yes — if there's home equity. Select alternative and private lenders fund inside active proposals, typically paying the proposal out in full at closing. That payout is the single biggest accelerator available: completion moves from year five to today, and both the 2-year prime clock and the 3-year bureau purge clock start immediately.
See it on a real file: Consumer Proposal Paid, 1.79% First Kept →
What exactly is the 2-2-2 rule?+
The standard prime/insured re-entry test after a proposal or bankruptcy: 2 years since completion or discharge, 2 re-established tradelines of at least $2,000 each, and no new derogatory credit. The most common failure isn't the time — it's arriving at the 2-year mark with only one tradeline. Open two secured cards early so the clock and the credit mature together.
Do the clocks run from filing or from completion?+
From completion (proposal paid in full) or discharge (bankruptcy) — not from filing. This is why a 5-year proposal paid out on schedule doesn't reach prime until roughly year seven, while the same proposal paid out early through an equity refinance can reach prime in two.
How long does the record stay on my credit bureau?+
A consumer proposal (R7) typically purges about 3 years after completion; a first bankruptcy about 6–7 years after discharge, depending on bureau and province. Scores usually improve meaningfully when the record drops — but you can qualify for prime lending BEFORE the purge under the 2-2-2 rule.
Are these timelines guaranteed?+
No — they summarize typical insurer and lender policy, and every lender applies its own overlays. Strong equity and income can compress timelines; fresh missed payments restart them. We map your specific file against actual lender policies, free, and give you the dates in writing.
Related: What your debts really cost (incl. CRA) → · How we work with insolvency trustees → · Bruised-credit & alternative programs →
Every calculator here is built on published Canadian government rules and lender methodology, and was last checked for accuracy on October 18, 2026 — the arithmetic re-verified and every page re-read on screen. Rates and thresholds change — we confirm the current numbers for your file before you rely on them.