Unfortunately, is this current economy there are folks who have always had stellar credit that are now getting into trouble.
33% of all new foreclosures in the past quarter were from people who had perfect credit and even high down payments when they originally purchased the home. The most likely reasons are the high unemployment rates and business failures.
Bad credit can happen to anyone but there are steps you can take to repair your credit. If you are ready for credit repair the time to begin is now.