Bad credit can definitely be the fault of the consumer. We all have forgotten to pay something on time or have potentially gone through financial hardships in which we were not able to maintain our payments on time or worse, even sent to collections or have had to file for bankruptcy. These are the obvious, but the not so obvious is that bad credit can happen almost over night and it may not be your fault.
Here?s an infographic that basically explains how bad credit happens and what your obligations are when your credit is tarnished.
Don?t let the idea of someone tarnishing your reputation get you down. There are many ways to guard yourself and protect your credit. One simple way is by signing up with a credit monitoring agency. Keeping track of your credit is crucial and it?s mandatory nowadays with all the internet fraud and hacks that have occurred not only nationwide, but world wide.
If you have any questions, comments of feedback on this infographic, please email us and let us know what?s on your mind. Also, if you need any help or guidance on the best credit repair companies to help you obtain your good credit score, please visit our home page and you?ll be provided with a list of the top credit repair companies in the credit repair industry.