Do You Really Need a Perfect Credit Score?

I have often wondered is there such a thing as a perfect credit score! Especially the way the financial markets are these days.
Historically people that have a bad credit history have still been able to get their loan applications approved but at a price of high interest rates.
But, with the state the financial industry is in today there are lot of lenders that will not touch a loan application from anybody that has a low credit rating even if the interest rates where sky high.
The implications of this is that if you do not have a perfect credit score or at least an above average credit score there is no chance that you will get your loan application looked at or more to the point approved.
This can be a very depressing situation to find yourself in if you are planning for say buy a new home or have that dream holiday you have always wanted.
A lot of people believe it is impossible for the ordinary working class person to have a perfect credit score.
I believe that is a myth generated by the financial industry because everybody starts out with a good credit rating.
It is what you do afterward that determines whether it goes up or down that matters.
You have to take responsibility for the credit you have.
If you are diligent with your financial transactions you will see your credit ratings improve and you have the added bonus of lower interest rates and cheaper borrowing.
If you are the type of person that could not care less how much you spend and run up high credit card bills then you will pay the penalty in the long term.
I honestly believe that you must improve your credit ratings if you have a bad credit history.
You need to pay your bills on time and make sure you do not miss any payments.
By missing payments is a surefire way to get your credit score lowered even further.
You need to show that you are committed to improving your credit history.
By sticking to your goals you will see an improvement in you credit history and it will not be too long before you have that perfect credit score.
It will not be an easy task to complete and it is not something that will happen overnight but you will see the benefits of you diligence in the long run.