Reasons For Financial Difficulty

As you know, financial problems, if not handled well, can have a long-term and negative effect on your credit history. It's important to prepare now for potential problems later.

Most financial crises occur because of something beyond your control:

Maybe your company is getting ready to lay you off. You wouldn't know that in advance.
Maybe you get sick and are unable to work for a period of time.

You can't really control these things, and in most cases you can't prevent them from happening. What you can do is:

Manage your finances well.
Keep your credit in good shape.
Save money for emergencies.

But what if your credit isn't in good shape when you get sick? What if you don't have savings when you lose your job? What then?

Before you start to panic about financial disasters that haven't happened yet, learn how to read the warning signs of credit problems.

Learn how to prepare for and cope with a financial crisis before it occurs – and how to live through a crisis if you're already in one.


Restoring your credit



    Fannie Mae
    Freddie Mac
Ginnie Mae


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