Make sure you are on your Desktop, then click Shift+Cmd+G. This will bring up the Go to Folder dialog box.
This will now take you to the hidden User Library. And in here you will see the Preference folder.
Sorry Mike. The User Library never used to be hidden before 10.7
Sorry for not keeping you posted, but I've been busy at school.
Somehow the problem solved it self. One day it just worked on it's own. Don't ask me how.. Thanks again for all your feedback and help. I have another question, this time about Mac computers and music software. I will start a new topic elsewhere in the forum. So if you have any knowledge about this, please look out for it.