Few Months ago, I got the bad news like bellow, this push me in the dark tunnel. But some specialist in financial market reported that the recession met the bottom line. Until economic prosperity, we just wait for and keep the good credit levels. If you are under the bad economic situation such as bad credit, you have to repair credit.
Chrysler Deadline Nears as GM Looks to Downsize
After General Motors announced plans to cut another 21,000 jobs and Chrysler reached a deal with United Auto Workers that may help the automaker avoid bankruptcy, a New York Times reporter provides an update on Detroit automakers' latest efforts to stay afloat.
Source from PBS org
According to the deep recession of economic crisis in the world, Many people's credit is going bad. Someone lost his job, someone could not redeem his loan. When someone has the bad credit level, it is difficul to get back.
So the best way to avoid this situation, we must spend money within the budget or income range. And also we have to reduce our expenses.
But if we were in the worst case, Most of banks are not able to loan you even we have stable incomes. In this case, The first priority you have to do is follow bad credit repair program.
If we are not accustomed to this, we can contact with the financial specialists who are free-lancers or belong to the credit repair company. They will provide us with credit report to show our credit status, or what to improve our credit level by using the legal credit repair process.
Be cautious!
Sometimes they are impostors or illegal companies So it is desirable for us to contact the person or company has good reputation in financial fields.
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