I have not experienced financial or bad credit problems yet in my whole twenty-one years of being alive.

I do however know how others who have had horrible experiences with repairing their bad credit and regaining control of their finances.

The one friend I can think of off the top of my friend got into major problems when his identification was stolen over the internet because he entered private information in a phish email. With that, this person was able to rack up my friend’s credit card bills and order a lot of stuff over the internet. The problem with finding out who this person was that even though he ordered things online, they sent it to a p.o box under another fradulent name. So there was no tracking to this thiefs real identify. In all my ended up with a bad credit because he had no way of making payments for those bills that ended up coming in the mail. When he tried to report it, the credit card company was considerate but they had to prove that it wasn’t him because of the fact it was all purchased and sent in the same city as my friend.

He was stuck with bad credit up until last year when we visited a company such as CreditLoan.com so get consolidation about his bad credit history. It worked and he was eventually cleared up.

*This is a true story, not a joke*

Everyday I’m thankful that I don’t need credit repair services or debt consolidation as my friend did.