There is a lot of misinformation when it comes to credit.  Your credit score is predominantly determined by a mathematical model know is FICO, or Fair Isaacs & Company.  Your FICO score plays a very key role in determining what interest rate and program you qualify, and whether you can get financing at all.

Your FICO score can range anywhere from a low of 300 to a high of 850, with 620 to 680 considered to be average, 680 to 720 good, and above 720 excellent.  The most important thing to remember about credit, is PAY ALL YOUR BILLS ON TIME! This is the single most important thing to remember!  I know you hate to pay bills, but I don't think you want the highest interest rate on your block of the neighborhood......

One question that many people want to know is can they get a loan if they have very bad credit?  The answer is yes!

Here are some good articles on credit.....

What's Credit All About 

Credit Tips

How to Dispute Credit Errors

What to Do with Identity Theft

Divorce And Credit