When trying to recover from severe financial issues such as bankruptcies or foreclosures it is often necessary to seek free credit counseling. Although there are a number of agencies that offer this service for free, there are others that provide the service as part of a credit repair service such as consolidation loans or perhaps home equity loans.
These types of loans help consumers take care of any existing debt in order to begin working on repairing their credit score. Of course this also helps the lender since they are aware of the fact that foreclosing on a home or repossessing a vehicle might not yield enough to pay the outstanding principal upon sale of the property. For this reason they will often provide free credit counseling to help those in debt climb their way up to a better credit score. It may be a long process, but in the end a good credit score is worth the effort.