If you have recently found yourself in a difficult financial situation, you are not alone, as many are going through the same exact thing these days. People are losing their jobs left and right. And even those who haven't lost their jobs are seeing the prices of their everyday expenses continue to creep upward and more people are looking for ways to start saving money. If you have fallen on hard times, fixing your credit will not be able to magically fix all of your financial worries, but it can help start you on the path to recovery, and allow you to come out of your situation stronger than you were before everything came crashing down.
The first step to recovery is to take a long hard look at everything having to do with your finances. Look at how much money you are bringing in and how much is going out. Try to create a budget that works within those amounts. Owing money month after month continues to dig you deeper and deeper into a hole and it eventually becomes very difficult to climb back out, but it is not impossible. You have to start making changes at some point, hopefully sooner, rather than later. It will be hard to do at the start, but it is an essential first step on the road to recovery.
Once you get your expenses evened out to where you are not spending more than you are bringing in, then it is time to turn your attention towards fixing your credit. This will be an important step because after having been late on payments or missing them entirely, these will cause a number of errors to show up on your credit report, which will make it look even worse than it already does. So it would be a really good idea to invest in getting these errors on your credit taken off as soon as possible.