As you know times are tough and people are getting in to some financial woahs. When people have less and less money they tend to let there bills fall behind which can stress you out and worse of all destroy you credit. There is alot of credit repair programs out there. Make sure you read the fine print because some of those companies are there just to make a quick buck and have no plan on helping you. Theres a few things you can do to repair credit on your own.
First you can call all your creditors to ask for some sort of extension to pay your bills. You never know they might work with you since getting some money from you is better then no money from you. Second, control your spending habits i.e. shopping, eating out all the time, buying things you dont need. This way you can save more cash to pay off debt that you accumulated because of all the spending you use to do. But after you all this you should be able to slowly fix credit that you have initially ruined because of all the debt.