If you believe stress may be reducing your ability to make sound credit decisions, get help before you make a bad choice that can affect you for years afterward. Remember, your credit record carries negative information such as loan defaults for seven years; bankruptcy for as long as ten years. And a poor credit record may make you unable to buy a home or get a car loan at a reasonable rate. It may even cause you to be turned down for a job.
If you are experiencing financial stress, there are many options open to you, depending on your situation. You may want to seek assistance from a reputable debt counseling firm if your stress is due solely to your financial situation. American Express® can also assist you with establishing a financial plan to help you resolve your credit problems and help you with rebuilding your credit record.