Long ago and far away, before Cell Phones, before the Internet, and before Garage Door Openers, there was credit. More than 95 percent of all commercial and residential real estate transactions involve credit. The vast majority of cars sold in the United States are sold based upon personal credit criteria. Most wedding and engagement rings are purchased with in-store credit. Companies in every State depend daily on lines of credit. It has become almost impossible to function without some type of credit. Whether you are trying to rent an apartment, buy a cell phone, order cable t.v., or buy a car. You must have some type of credit established. Most people think it takes 5 or 10 years to build up enough credit to buy a house, or have a 750 credit score. But this is simply not true. An excellent credit score like a 720 or 775 can be built in a matter of months with the right know how, and dedication to your personal finances.

Just about everything we see on a daily basis in America was or is financed. Major highways, commercial buildings, residential houses, products on the store shelf, and everything in between is financed in some way. One of the biggest lenders in America is the government. The Federal Reserve lends money to banks, banks in turn lend money to businesses and consumers. As the debt gets repaid everyone along the chain gets a portion of interest.

The first transcontinental railroad, built between 1864 and 1869, was the greatest construction project of its era. It involved building a line from Omaha, Nebraska, to Sacramento, California, across a vast, largely unmapped territory. The building of the railroad was undertaken by private interests, but only after Congress passed legislation to help finance the work. The term Transcontinental Railroad is misleading in that the United States has never had a railroad under one ownership that connected the Atlantic Coast to the Pacific. The first transcontinental railroad, and those that followed, spanned that part of the continent from the Missouri River to the Pacific Coast. Even that distance overwhelmed the resources of any single group of investors. Not one but two companies undertook the task. The Union Pacific built westward from Omaha and the Central Pacific eastward from Sacramento to a meeting point in Utah. The leaders of both companies lobbied incessantly for government aid. Their efforts led to the Pacific Railroad Acts of 1862 and 1864, which provided several forms of assistance.

Each railroad received its right-of-way along with a land grant of ten alternating sections on both sides of every mile of track (about 12,800 acres per mile); the government retained the sections in between. In addition, the companies received government bonds totaling $16,000 a mile for each twenty-mile section of track completed on the plains. For the plateau between the Rocky and Sierra Nevada Mountains the amount per mile went up to $32,000 per mile and for the mountain regions, $48,000. Each company could also issue its own first mortgage bonds for the same amount as the government bonds, relegating the latter to a second mortgage.

The development of railroads was one of the most important phenomena of the Industrial Revolution. With their formation, construction and operation, they brought profound social, economic and political change to a country only 50 years old. Over the next 50 years, America would come to see magnificent bridges and other structures on which trains would run, awesome depots, ruthless rail magnates and the majesty of rail locomotives crossing the country. All financed by the American Public.

Having good credit can help you achieve your dreams, if you know how to build it. Products and services are getting better and better every day, if you have a high enough credit score to get approved for them. The power of an excellent credit score is within your reach. With a little help from Drexler Financial Solutions you can be on the road to excellent credit today. All across the United States people are being denied loans, apartments, cars, mortgages, and car insurance because there are inaccuracies on their credit reports. Don’t be a victim of having information on your credit report that does not belong to you. Let us help.

Drexler Financial Solutions is your next step toward making your credit work for you.