The most common enemy of credit is missed payments.
This is not usually do to people forgetting a bill was due, although that does happen a lot.
The main reason this happens is because many people can not afford to pay all of their bills when they are due.
As the economy continues to struggle to rebound, many people are searching for employment.
Some have a job or even two yet they still struggle to pay the bills on time.
When this happens on a regular basis your score can drop drastically as it recognizes a trend.
This unfortunately could cost you approval on loans for a car or a home, and even cost you a job when you apply.
Many companies check numbers to determine if an applicant if financially responsible, this mainly includes jobs that have accounting, bookkeeping, cash handling and other financial responsibilities.
Having your number lowered will cost you money as well each year and make it harder to get out of debt.
If you want to have any chance of correcting the mistake and repairing your number you need to start trying to make payments as fast as you can and on time.
The best way to help your cause is increase your cash flow either with another or better job or by reducing your monthly expenses.
This can takes years to really have an impact but it works.
The fastest way to fix your number is to look into credit repair.
The process of credit repair is fast and easy, usually only taking weeks to work.
It is effective and can fix any score no matter the reason it was lowered.
These companies walk you through the process step by step to make sure that you can handle everything and they do most of the work for you.
By David George