Everyone makes a financial mistake from time to time. You may forget to send in a bill on time, or accidentally write a check against an account that you just closed. It happens. The key to overcoming these mistakes is to rectify them as quickly as possible. Depdning on the amount of the mistake, you may be able take care of it rather quickly, but other times it can take you a few months to clear it up.
If there was a period of time where you stopped paying on your credit cards or other bills, you may be facing a difficult time clearing up these old bills. Some may have been sent to collections, and others may be about to sue you to collect their money You can pay off old debts, and clean up your credit report but you should only tackle one debt a time. When you are already delinquent on account, you may be able to take full advantage of debt settlement to clear up these debts. A settled debt looks a lot better than collections or an outstanding debt on your credit report. Take time this year to clean up your past mistakes.