Credit Score
Having bad credit is the story of my life and is seemingly a very vicious circle to get out of. It all began when I met my recently estranged partner. I don’t completely blame him as I was prone to overspending myself but I think he had a hand in it.
He had recently been made bankrupt and as such he was unable to obtain credit. Unfortunately as I know too well love can make you blind and as such I was willing to obtain it for him and indeed for us. We wanted to buy a house together and a used Volkwagen Scirocco Rhyl car and I was able to get credit so I did.
I had overstretched myself on the repayments but he told me that his business was going well and that his income would easily cover it. For a while it did but then business started to slow down. It was nobody’s fault and it could not have been foreseen but it did leave me in a mess financially.
Eventually I too had to file for bankruptcy and I am still dealing with the aftermath six years later. You need to obtain credit to build up a credit rating but all the reputable credit companies will not consider your application. Only high interest lenders are interested. I suppose that I am considered high risk. I have decided not to apply for credit for the immediate future and there is a nice feeling about not having any debts. Apart from property, I own everything I have and I suppose that is something to be proud of.
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