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Given all the problems with credit scoring, it's understandable that some people think the system is fatally flawed. Some of my readers tell me they're so angry about scoring and the behavior of lenders in general that they've cut up their credit cards and are determined to live a credit-free life.

The rest of us, though, live in a world where credit is all but a necessity. Few of us can pay cash for a home, and many need loans to buy cars. Credit can help launch a new business or pay for an education. And most Americans like the convenience of using credit cards. Although it's true that improper use of credit can be disastrous, credit properly used can enhance your life.

If we want to have credit, we need to know about how credit scoring works. Knowledge is power, and the tools I'll give you in this book will help you take control of your credit and your financial life.

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