Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
workworkwork1

2 Contributions
3 People Helped
How to raise my score to get a house
Hi, My score is low - 557. I really would like to buy a house next April. Housing prices are good here now - can get a decent 3bd, 2 bath house for about $130k. Hope to have $5500 in the bank by then.

I have applied & received 2 credit cards in the last 6 months. Paying on time all my bills but there are some old med coll. Also, co-signed on my daughter's car which was repo'd in Oct 2013. Owe about $600 on it though that's just the repo fees - shows a zero balance otherwise. Have 1 revolving credit and 2 credit cards with 52% utilization - can get that down below 20% by April 2015.

Have been working as a contractor for 2 yrs and income was good but no benefits. Just got hired this month. Salary decreased about $14k but the benefits are outstanding (24 days of PTO the first year - woohoo!)

If I continue to pay everything on time, what are my chances of increasing my score 100 points in 6 months?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2786 People Helped

You don't need a good score to get a house now.  Visit www.naca.com, they are a legit, non-profit company helps folks get homes, credit score doesn't matter.  Zero down payment, zero closing costs and 4% interest rate.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.