A high credit score has the capability to move mountains. A high score gives you the opportunity to not only get a mortgage, but also to get a good interest rate. In fact, lenders will be competing for your business.

But the system is flawed and there are errors. Roughly eight out of ten consumers have at least one mistake on their credit report.

We are constantly encouraged by the Better Business Bureau, various consumer agencies and the

government to order a copy of our credit report. We are advised to look for mistakes and any

inaccuracies. When we find them we are to contact Experian, Equifax and TransUnion and ask them

to correct these errors . But the news and pleas fall on deaf ears . We wait until we are applying for credit. Some of us order a report a week or two before sitting down with our lender. Others blindly let the lender pull the report, and we anxiously await the news.

If there are mistakes the bank will still lend you the money. However the interest rate will be higher. For a big ticket item like a house, the higher rate can mean $100 or more each month in mortgage payments.

To fix your credit report you have two choices. You can do it yourself and write letters to the three credit reporting companies, or you can hire a company to do rapid rescoring.

Bad credit is bad credit, and nothing can change that in the short term. Rapid rescoring can have the corrections appear on your credit report in a matter of weeks rather than months.

An additional feature of rapid rescoring is advice and guidance the professional will give you. If you have several credit cards with outstanding balances, and limited funds, you need to know which cards to pay off or pay down. For example, a $500 payment on a department store card might add 25 points to your score. Whereas, the same $500 payment towards a Visa might add 50 points.

Optimizing your cash flow is the name of the game.

Companies that specialize in rapid rescoring charge a fee for their services. If you have time you can do most of the work yourself. But if you are closing on a house in 3 weeks and the

debt-to-income ratio, or other ratios just aren't fitting the mold, you should turn to the professionals. They do this type of work every day and they have built a working relationship with the banks and credit reporting agencies.

About the Author

Patrick Morris is an guru in the area of mortgages , finance and real estate. Read more about mortgages at his website : http://www.houserefinancecenter.com