America's 'unprecedented' crisis: The shocking truth about credit and why it's draining your wallet

Do you run a business? Are you planning to buy a new house or car? What about trying to put away money to invest or save? It’s all tied to your credit, which could be in the midst of an "unprecedented" crisis.

Your credit is the "cornerstone to having any wealth at all," according to Micah Smith, a personal finance influencer and founder of her own credit restoration firm. Today, she’s urging Americans to wake up and realize that they’re likely "vastly overpaying" for things because their credit isn’t where it should be.