July 23, 2018
In the context of this helpful note for credit distressed readers, a proper distinction needs to be made. If you have an extremely bad credit record at this time, it is more than likely that you may not be allowed to invest in tangible property, property that you can see with your eyes and touch with your hands. But it is quite possible for you to buy investment property with bad credit. This coincides with the need to provide every encouragement and incentive for credit distressed readers to take up every opportunity to start afresh.
In doing so, they are being given every opportunity to make savings and investments. In most cases, there are no laws that sway credit distressed men and women from savings and investment opportunities which may include a property or real estate portfolio. This is not a tangible asset, and if at some stage the hard-pressed investor is no longer able to make contributions to the investment fund, he can at least suspend his actions until he has recovered sufficiently enough to resume his savings and investment exercise.
Note that there are some exceptional cases where trade and investment laws stipulate the need for a clear credit record before extending yourself financially in a new venture, particularly if it going to be carrying some risks. To this end, credit distressed men and women can invest heavily in helpful advice on how to improve their credit scores proactively and progressively. The good advice always recommends starting the debt recovery process chronologically and proceeding with exercises that are not taxing if you will, as the case may be for the unfortunate man or woman.
You will be surprised to learn just how quickly you can improve matters for yourself.