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In the best economic conditions, bad credit can be debilitating. But during a period of sustained economic contraction, the effects of credit are exacerbated exponentially. The good news is that while seemingly disastrous, bad credit can be fixed. And for many Americans, the first step towards repairing maligned credit is to take advantage of the credit card deals currently being offered. While instinctively this may seem somewhat counterintuitive, the truth is that with increased governmental regulation, now may be the ideal time to take advantage of the more consumer-friendly interest rates and less punitive provisions that are sweeping across the credit card industry.