Buying on credit and taking out loans have become commonplace, but consumers who spend beyond their means can end up with an unmanageable debt load.
Dealing with debt can often seem like an impossible task. When you decide to tackle your debt, it is important to have a plan that will work for you. If going into debt has harmed your credit rating, you also need to take action to rebuild your credit. A poor credit rating can affect more than your ability to borrow. For instance, many employers require a good credit rating as a hiring requirement.