The global financial crisis was a downturn of such unprecedented scale that many Americans were caught completely unawares and far from prepared. Without easy credit available many Americans found that their liabilities and expenses far outweighed their ability to pay for them. The number of bankruptcies filed increased dramatically due to the tightening of credit markets.
Wendy Polisi
There are many ways to repair your credit once it has been damaged, but one of the most obvious is to ensure that your credit reports are accurate. The fact is, keeping track of everyones credit history is a massive undertaking and mistakes are not uncommon. These include putting other peoples mistakes in your credit record and failing to remove items after they should have been.
Credit Errors Are Not Your Friend
While there are many ways to improve your credit score or renegotiate existing debts, some people are not able to do this alone and some choose not to do it for themselves. Lack of time and patience can make this difficult, but too often people just do not know what to do to rebuild credit. Credit counseling services can do the work for you.