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want to boost credit score to buy a house need suggestions?

I have a good opportunity to buy a house. My credit score stinks and my husbands is a little better. How can I boost my score at least 100 - 150 points quickly

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  1. pay down or transfer existing balance to 30% on all revolving accounts. then rapid re-score. this will help but i don't know about 100 points.
  2. The fastest way is to pay off/down any credit card. Also It sounds strange but getting "new credit" (ie credit card will also help) You do not have to use it or keep it just cut it up once you get your house. Also get a copy of your report and look under the derogertory section and pay off all the derogatory info. If you do not have enough to pay off/pay down, ask them to settle it for 1/2 price.
  3. I don't know about 100 pts. The biggest component of the FICO score is the percentage of available credit you are using. The traditional way of course is to pay down your accounts to improve the percentage. The higher the percentage the lower the score. There is another way. 1. ASK FOR CREDIT INCREASES. This achieves the same result-decreasing the percentage of credit used. Just be careful not to use the new found "wealth". That is like shooting yourself in the foot. Be careful not to ask for too much of an increase. 2. PAY OFF YOUR BILLS. Pay them off not when they are due but before they are due. Find the statement date (usually 20 or so days before the due date) and pay it off a day or so early. That brings your account balance to $0 thus increasing the percentage of available credit. If you pay the bill on the due date it will not have the same effect. 3. DON'T TOSS THOSE OLD CARDS. I found out about this one the hard way. If you are not using an old card for any reason do not throw it away. Take advantage of it and charge small amounts occasionally. This results in an active vs. and inactive status for that account. Active accounts are factored into the FICO scoring system-inactive accounts are not. Using these three hot tips will boost your FICO score almost overnight.
  4. When we were looking for our 1st home we too were in the credit rebuilding process. It took us 2 years to rebuild my score from 488 to 678. We learned from our own web business how to repair my credit! Visit my Yahoo answers profile to find the link to the site. Best of luck to you and your family,
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