In these difficult economic times it is easy to become too deeply in debt and lower your credit score through the end or late payments.

However, the past can not be changed, the repayment of debts and taxes in a period going forward can certainly start moving your score on the way to the top right.

It is best to contact companies about bill payment problems than to ignore them.

If the customer is a good creditor then he is charged low interest rates and if a bad credit borrower the interest rate will be high.

Thus, depending on your credit score, you can take loans in the financial crisis.

If you have a loan in the past year and had some difficulty paying it off, then your credit score would have taken a bit of a hit, and you do not know how it could be.