I messed up some years back and ended up with two defaults on my credit file. I know I know...prevention is better than cure but I got really sick and was sick for a long time and so ignored these debts. I'm based in Australia and defaults are listed for 5 years before dropping off your credit file/report.
Anyway the good news is that these two defaults will be both gone by June 2017...so another 7 months from today and they will drop off the report.
My situation is that I'm planning to launch a eCommerce store where I drop ship the goods. I'm new and just starting out but I plan to launch more stores if successful.
So what is the best way for me to accept payments considering that:
1) I have bad credit
2) I'm just starting out?
Is a third party merchant like Paypal the most viable option?
I'm also planning on doing affiliate marketing and so is there any impact on accepting payments for that with bad credit?
Any advice is greatly appreciated!