Did you see the article in the business section of the Houston Chronicle on Wednesday entitled More Credit, but not for all? The author of the article was interviewing Nariman Behravesh, the chief economist of IHS Global Insight. IHS is a Lexington, Ma. based research firm.

When asked if the current tight credit conditions would be easing Mr. Behravesh said yes he thought they would. However Mr. Behravesh was quick to point while that he felt mortgages, auto loans and other loans would become easier to get it would only be for those whose credit score is good. If your credit score is not good he was quick to say that credit will probably still not be available.

What is a good credit score? I wish I could get a definitive answer to that question. We know that to get the best conventional mortgage interest rates you need to be above 720. I have no idea what it takes to get an auto loan. What I do know though is that in order to get good mortgage rates, credit card rates, etc. your score needs to be high, as high as you can get it. Think about all of the money of the money you are wasting because of your mediocre to low credit scores. Think about not qualifying for your dream home mortgage. Think that money and those dreams going down the drain and then think about getting your credit score restored and your dreams restored. Fix your credit yourself or get it fixed for you. That in my opinion is today's reality.

Have a great day!!

Ron