A recession is an economic event that makes it hard for the average person to meet their financial obligations. The financial uncertainty people experience during a recession can cause widespread panic and dismay. This uncertainty was evident during the Great Recession that followed the housing market crash of 2008, and more recently, in the wake of the COVID-19 pandemic.

Bad credit and a bad credit score can be the stuff of nightmares. It restricts many of your freedoms, including lowering your chances of getting a loan or a mortgage. Some employers even reject job applications if you have bad credit.

If you’re in such a situation, credit repair might seem like a reasonable course of action. The process is legal and allows you to maintain credit that reflects your financial reality.