Credit

Credit card companies are trying to locate millions of pounds that have been lost due to bad debt and lost revenue after a cap was placed on penalty fees by the regulator. According to the comparison site Uswitch last year close to 2.5 million people were told that they would be charged a fee, have their credit limit cut, or have their account closed.

Many people who have bad credit have questioned whether or not they have the ability to erase the discrepancies off their credit so that they will have an easier time trying to build it back up again. Most think that it is impossible – but that is only because they are not aware of the steps they can take to accomplish this.