Good credit scores are as valuable an asset as land, stocks, bonds, and real estate. Strong credit scores give consumers an opportunity to leverage themselves. Leveraging is being able to use the bank's money temporarily in order to build wealth. Unfortunately in today's society we have been taught that credit should be used for short term gratification. Look at all the ads on the TV and in the newspapers we are constantly being enticed to use credit for depreciating items. What if we could teach young adults the value of prioritizing the use of  credit to buy real estate or to futher their education in order to promote themselves or to start  businesses, then we would begin to see a stronger economy with more buying power.

The qualifications for  credit approvals for prime lending  have become stricter. This has been caused by the increased number of defaulted loans not only with mortgages, but also many other tangible items such as automobiles and credit card debt. Although this seems like a recessive period it is actually causing many consumers to think of their credit as a valuable asset which can actually progress the economy.

A real life example is a young lady we helped to obtain the American Dream of home ownership. This young lady had several negative credit issues as well as having scores in the low 500's in September of 2007.
We were able to get the negative items resolved and we educated her on how to properly reestablish credit. She now has credit scores ranging averaging 650. She also has been approved for a mortgage, and she is in the process of finding her new home. This experience enables a consumer entire paradigm to shift in regards to how she will treat her credit in the future.
All credit is restorable. There is no such thing as a hopeless credit profile. It simply requires diligence, time, and most importantly renewed mindset.