Keep credit problems in check

Book Review: 'Living Well with Bad Credit'

Once upon a time, it was the case that you could pretty accurately assume that if someone owned a home, they probably had at least decent credit. These days, that assumption is inaccurate more often than not.

So many homeowners have either lost homes to foreclosure, off-loaded them via short sales, filed for bankruptcy, gone late on mortgage payments to qualify for a loan mod, or fallen behind on credit-card payments so they could make their mortgage payments.

As a result, many, many homeowners of my acquaintance have taken some sort of credit hit in recent years.