Yes… following the economic downturn of 2008, most of us felt a pinch in our bank accounts. Whether it was the result of a loss of employment, loss of business, or lack of salary raises or bonuses, the recession made it hard for many of us to keep up with our financial obligations. If this includes you, don’t worry – you aren’t alone!
Unfortunately, many of us feel embarrassed or scared about our economic situation, or we simply don’t know what to do when money is tight and we can’t make our payments on time. As a result, many of us often end up ruining our credit by doing the worst thing possible: nothing at all.