There are many reasons that people fall into debt. It could be a job loss, a sudden illness or the mishandling of money. Unfortunately, once you get overwhelmed with your debt it can become difficult to make your monthly payments on time.
What usually follows are a few late payments and then a few missed payments. This can present quite a challenge to restore your good name. The potential cost of having bad credit can be huge unless you follow these steps to recover from bad credit.