how can i boost my credit by 20 points?

Question

i need 20 points to get a home loan .

Also I'm not in total debt...the total amount I owe on all credit cards is only $1800.00. I'm going to pay that off within 2 months. But the real estate company told me in order for it to be easier to get the home loan I would have to have at least a 600, I only have a 580 credit score...

Answer 1

Fast Credit Repair

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Answer 2

First, pay off all your credit card balances. Then settle any bad debt on your credit report. Pay all your bills on time.

Start a savings account and put a set amount in every payday. In about two years, you'll have some downpayment money and a credit score to qualify you for a mortgage.

Don't be too anxious to buy more house than you can really afford. That's how all those foreclosures came about. Your monthly mortgage payment shouldn't be more than 25% of your monthly income.

Answer 3

I have a few programs that can start to work in as little as 10 days.

Their are several way to do this, the best is to ask your loan officer if there is anything you can pay down or off to get a increase.

If you have any questions let me know.
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Answer 4

There are NO ways to "instantly" improve your credit score. Ways to improve would be to pay down balances if you have any, pay off any bad debt, and start saving money. The more assets you have, the more apt a bank will be to work with you regardless of your credit score.

Answer 5

The good scores have credit they don't use.

Payoff some debt or

I can't believe I'm saying this..get a credit card with a $2K limit.

Then throw it away.