Raise my credit score

In order to qualify for a home loan, you need to have a credit score of 620 and above. Since you require 20 more points to qualify, I think that you should try to be regular with your payments from now on, so that your credit history improves. You should also take note of the fact that you do not spend more than 30% of your credit limit. I think that you can increase your score to 620 within a period of 6 months to 1 year if you follow these steps.

well actually all of my credit is at 0% I thought that would help to get me approved...i got preapproved ( because my transunions score is a bit higher than the others,621) but i really don't want to pay for the high interest rates. I have the luxury of not having to rush to get a place. I was wondering how long it owuld take to get up to a 700?

There are 3 main things that determine your score:

1) Mix of credit (cc, loans, mortgage)
2) Payment history
3) Length of your file

If you only have credit cards, you may never see 700 in the near future.

To build your credit score, you need to use your credit card. If you do not use it because of the high interest charges, you will not be able to build up your score. Even if your credit card company charges high interest, you will not be required to pay any interest if you repay the debt within the interest free due date. So you should try to use the card till the amount you are able to repay within the due date. Only after the due date, the interest charges apply.

Carol, you are not completely correct...SOME credit cards do charge interest from the date of first purchase, SOME credit cards do double cycle billing, which can result in interest charges...altho you are correct in theory, each credit card is different with respect to how they charge interest.