Credit.com, Wherever you stand, we stand by you.®
->
Contact Us | Login | En Espaņol
Home > Learning Center > Credit Information > Credit Issues > Surviving the Credit Crunch
  Credit Information
  Auto Loans
  Credit 101
  Credit Cards
  Credit Issues
  Credit Law
  Credit Reports & Credit Scores
  Debt Issues
  Identity Theft
  Loans & Refinancing
  Money Management
  Mortgages & Home Buying
  Research & Reports
  Small Business
  Credit Score Compass

  Learning Center
  Credit Information
  Life Stages
  CreditBloggers®
  Tidbits® Newsletter
  Ask John
  Finance Glossary
  FAQ
 

Surviving the Credit Crunch

By Credit.com

The headlines have become impossible to avoid: Oil is at record prices. Credit card rates are up. Unemployment is rising. The dollar is on a decline. The housing market is crashing. Credit.com’s expert team has been tracking the economic news closely and we’ve put together some resources for consumers facing financial troubles.

Along with the following information, you can read more online at CreditBloggers.com or email our expert team with your questions. If you’re a reporter, click here for media contact details.

Housing

If you’re struggling to pay your mortgage or worried about losing your home, it is crucial that you communicate with your lenders. You can also call the Department of Housing and Urban Development at (800) 569-4287 or the Homeownership Preservation Foundation at (888)-995-HOPE for assistance.

How to Save Your Home from Foreclosure
Mortgage Industry Analysis from our Real Estate Expert

Debt

Credit card rates and fees are on the rise, making it a particularly bad time to be in debt. Reducing your debt load can improve your financial situation, boost your credit score and save you money. It is best to pay off your debts on your own, but this isn’t always possible. Be sure to get all the facts first if you’re considering debt counseling, settlement or consolidation.

Do-it-Yourself Debt Reduction
Debt Consolidation: The Pros and Cons of Your Major Options
Finding Quality Credit Counseling

Taxes

If you’re receiving a refund this year, it is a smart move to put the money straight toward debt repayment or starting an emergency savings account for rainy days ahead. If you’re going to owe money to the government, you may need to evaluate your payment options.

What to Do if You Can’t Pay Your Tax Bill
How to Cut Your Property Taxes
Delinquent Tax Consultation

Personal Finance

An economic downturn could also impact your savings, investments and even employment. There are preparations you can make now to avoid financial trouble in the future. Or, if you’re already facing a crisis, there are important steps you can take to mitigate the impact.

You can Recession Proof Your Life…Right Now
Facing a Financial Crisis
Create a Family Budget

Starting Over

Credit damage from late payments, bankruptcy and foreclosure doesn’t have to destroy your financial outlook for the next 7-10 years. Working on rebuilding your credit history right away can pay off significantly down the road.

Rebuilding Your Credit
Putting Your Bankruptcy Behind You
Learn About Credit from the Expert

Again, you can read more online at CreditBloggers.com or email our expert team with your questions. We’ll do our best to answer in a timely manner.

If you’re a reporter, click here for media contact details.

Return to Top

 
Quick Tip