This helped me: just wait about a minute or two.
Wait a few minutes, then retry your operation.
Ref: https://msdn.microsoft.com/en-us/library/ms833805.aspx
The error message could result due to the following reason:
The service associated with Credential Manager does not start.
Some files associated with the application have gone corrupt.
Please follow the steps mentioned below to resolve the issue:
Method 1:
Click on the “Start”
In the text box that reads “Search Program and Files” type “Services”
Right click on “Services” and select “Run as Administrator”
In the Services Window, look for Credential Manager Service and “Stop” it.
Restart the computer and “Start” the Credential Manager Service and set it to “Automatic”.
Restart the computer and it should work fine.
Method 2:
1. Run System File Checker. Refer to the link mentioned below for additional information:
http://support.microsoft.com/kb/929833