Protecting Your Credit and Credit Score in Today’s Economy
September 2009
The economic fallout from the national credit crisis and recession has been hitting personal finances hard in recent months. Many consumers are facing tightened credit availability as they seek a mortgage or car loan. Credit card companies have been lowering credit limits and closing accounts at record levels, even for customers with good credit, in an effort to recover from past losses and reduce future risk exposure. Meanwhile, layoffs continue and our collective sense of job security is lower. Even though some recent economic indicators have been positive, economic recovery is still a way off. Smart consumers know that protecting their credit and credit score in this uncertain climate is very important. In this report, we’ll look at some expert recommendations for achieving that goal.