Chapter Three

Credit: How it Rocks Our World

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Many consumer advocates decry, despise and otherwise deny the value of consumer credit. This position is simply wrong. Consumer credit is one of the greatest (and least celebrated) inventions of our modern age. We owe much of our stratospheric quality of life to fast and easy credit.

Let's take a look at how much we're blessed by easy consumer credit. As you may know, we in the United States have incredible access to credit – we can get almost anything, anytime with only a brief credit check. Walk into a recreational vehicle dealership, and thirty minutes later you're driving off in the home-on-wheels that you've always dreamed of. Nobody checked your income. Nobody checked your references. Nobody checked the balance in your bank account. All they did was pull up your name, address and social security number in a credit reporting database and, boom, you're the proud owner of a $200,000 rolling palace. That's amazing. Sure, it might be a little dangerous, but it's amazing, still.

But regardless, credit's not just for luxury purchases. We all know just how easy it is to get our family into the home of our dreams. (And, yes, it may seem hard at the time you're going through closing. But let's get real: It's a breeze when you consider the size of the purchase of a home – probably the largest transaction you'll ever conduct in your life). When you go to buy a home, there's often little more than confirmation of your income, your time on-the-job, your previous home-ownership experience, etc. Nonetheless, within thirty days or so, that's all done, and there you are picking out curtains in a home with a house payment that costs roughly twenty-five percent of your monthly income.

Credit Revolution: Path of the Smart Consumer

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*Important: While the testimonials and other information on this website may be exciting, Lexington Law promises only to perform the steps we've agreed to in each client's case and to charge each month only for steps already completed. As with any legal work, no outcome is promised. Your results will vary. **The number of items removed represents the combined removals for all three credit bureaus. For example, if a single questionable negative item is removed from all three credit reports, it is counted as three separate removals.

© 2010 Lexington Law®. All rights reserved. John C. Heath, Attorney at Law, PLLC, d/b/a Lexington Law. Lexington Law is a group of law firms that may also be referred to throughout this site as "Lexington," "Lexington Law Firm," "we," "us," or "our firm". The number of items removed represents the combined results of the group.