Money talks: How long does it take to rebuild a good credit history? 

Our reader has a history of bad debt, and wants to re-build their credit history in order to apply for a mortgage 

I had a bad credit history, but I had all my loans restructured last year so my arrears were cleared, and I now only have one loan with a Credit Union. How long does it usually take to re-build a good credit history as I would like to apply for a mortgage soon?

Well done for taking control of your debt, this is not always easy and certainly means many sacrifices. Having a bad credit history can be a great source of stress and can greatly hinder individuals from reaching any kind of financial stability but now that you have sorted out your arrears you have already kick-started your journey to mortgage approval.