Diane Brennan, a Realtor with Coldwell Banker, Tina Tamboer with the Cromford Report, and Tom Ross, with Bay Equity Home Loans walk through the why credit is good thing and that it is unrealistic to live in modern society without being involved with it.

First we discuss taglines for the show. Lot's of interesting choices. Recently, I posted a poll on my twitter account, @thatrealestateshow, asking the best way to improve credit. I discuss the results with Tina and Tom.

We believe that paying for everything in cash is like "living off the grid". Tom gives his

Tom's 5 MISCONCEPTIONS ABOUT CREDIT

1. All you have to do is pay your bills on time (misunderstanding of all of the metrics that are looked at)
2. Closing all of your accounts that you don't use
3. Paying off your installment loan
4. Don't carry balances on your credit cards
5. Paying off or settling old collection accounts