Financial experts tell us that only around 40% of consumers have what is called Prime Credit standing in the industry, meaning that their credit scores from all of the three major credit bureaus are at or above 700. This kind of credit score should be everyone’s goal, since having a score of over 700 means that your score will not be negatively affected by many of the things which can damage a lower score, such as inquiries and late payments.

If your credit score is somewhere below the 700 mark in all 3 credit bureaus, then you are in the higher risk 60% segment and the scoring model will be very hard to predict as to what will lower or raise your credit. Getting a loan for land, housing, businesses, or even an expensive car or boat will be a crap shoot that can leave you worse off than when you started.

The credit scoring system is fixed? The credit bureaus have made it very hard to get a score of 700 and up because the lenders who fund the credit bureaus make more money in interest payments from consumers with lower credit scores. If you have a score of less than 700, then you need a fast score system to get you into a position where you’re not forking over any more of your hard-earned cash then you have to.

You can help to protect your credit score by keeping your debt to less than 25% of your annual net income. Check your tax return or ask your accountant if you’re unsure of this figure. When you make a purchase on credit, always ask yourself if this is truly a necessity and keep your debt under that 25% limit.

There are inherent flaws in the credit reporting system we use; the problem is that the credit bureaus themselves profit from the system. For years now, consumers have clamored for some sort of reform. The 2004 Fair Credit Reporting Act did resolve some problems, but didn’t solve the real issues, and definitely didn’t make any difference in the accuracy of the information the bureaus maintain. Worse still, it’s unclear whether this law is really enforced at all.

Let’s suppose that your credit score is 600. You apply for a loan and whether your application is denied or accepted, you’ll lose 35 points off of your credit score! If your score was 700 or above, this wouldn’t be the case. You can avoid all of these roadblocks by using a fast score system to get your score over 700.

You should approach credit repair services with caution; they can get some of the negative items off of your report, it’s true ? but this can actually affect your credit score negatively! If you have less than perfect credit, it’s better to add accounts which are in good standing to offset the negative items on your report. You should aim to increase your credit score rather than simply trying to make your credit report look cleaner. A fast score system of some sort is the slick way to get this done quick.