My husband and I became bankrupt nearly 5 years ago due to a business failure. We would like to secure our future and one day own a home. How do we get our credit rating back and improve our conditions? We have been told to apply for credit to give us a rating, but no one will touch us - what do we do?
13 October 2012 |
Hi there, I'm glad to hear that you are looking to the future with a positive attitude. Your details will be recorded on credit reference agencies databases for seven years from the date of bankruptcy and, as you have found out, obtaining credit will be difficult…
By Ian Hayes CFP®