what to do.......

First, have you seen a copy of your credit reports from all three credit bureaus? If not, request a copy of them and go over them with a fine tooth comb. Some items may be able to be disputed. Also, you are allowed one free credit report a year from each bureau.

It's just opinion here, but perhaps you need to wait a bit on buying a house. Not only will the mortgage company want a bigger down payment, your loan will more than likely be subprime, with interest rates exceeding 10%. If it is an ARM (adjustable rate mortgage) and your interest rate goes up, it gets very easy to get screwed out of your home. Also, have you tried Fannie Mae?

I would suggest not buying a house yet. Stick to apartments or whatever and save while rebuilding your credit. It will do you sooooo much good if you just stick to a savings regime and work on your credit - then you'll have a nice chunk of change for a down payment and your interest rate won't be through the roof.

Remember also, when you are looking into buying a house, don't open any additional credit accounts or charge up your cards --- if you breathe wrong your interest rate will fluctuate.

(I don't own a home but I work in an industry that opens credit accounts and deals with home buyers - the furniture industry)

Creditors must not charge more than what you have signed in the agreement copy. Go through the fine prints thoroughly and dispute the excessive charges. Once you have the correct amount, make payment arrangements and get the items updated with the bureaus. Your scores will start improving and you will be in a better position to buy a home with decent interest rates.

thanks for your comments i'm gonna request a copy of my credit report from each bureau to get everything straight with my credit score so one day i will own a home i can call my own.