Improving your credit rating
Q.
I declared voluntary bankruptcy in my early 20's as a result of
a bad marriage that left me with a lot of debt. I have now been
discharged from bankrupcty 2 yrs and was wondering how I start
improving my credit rating again?
A.
Stat by reading The Richest Man in Babylon by George Clason.
It's only a tiny book but has been a best seller now for over 80
years and should really help you. Then try to establish a small
line of credit with someone local such as a newsagent or pharmacy.
Once you establish a good record with them, you could borrow at a
higher level. Just make sure you religiously stick to your
commitments.
Each week financial advisor Noel Whittaker answers your
questions.