Ask the Money Doctor: John Lowe on family finance
Starting over: legacy debt and access to new credit.
Question: Four years ago, I borrowed from my local credit union, but my business failed within a year. The loan was subsequently written off, and I have spent the last three years setting up a new venture. Will that debt show up anywhere at this point, and will I have a problem?
*George, Galway*
**Answer:** I am afraid you do have a problem, George. In 1965 a special agreement was reached by the ...