Back 10 years ago, foreclosures were rare, now you’d be hard pressed not to find a dozen driving around your neighborhood. Back 10 years ago, good credit scores were common, not anymore. Just like a class that’s graded on the curve, lending institutions have to grade us that way too. Thus, if you had a good credit score before, your credit score now is even more valuable. And thus, if you have a bad credit score, you’re not alone. If the credit card companies and banks want to stay in business, they’ll soon have to start lowering their standards and offering their services to people with bad credit.