Financing Options, need better credit quick - please read?

My husband and I make good money and have PERFECT payment history (at least the last 4 years, before that, not much bad, we are in ur early twenties) We have hardly any debt, but the loan guy told us that we will only qualify for an FHA b/c our scores are low (mine is low 600's, his is upper 500's) But, we have had 3 different companies look at our info and none of the 3 could find any reason why they are so low. (no there are not any fraud issues, we pull our own report twice annually) One lady said it was becouse we have things financed through "finance" companies instead of banks. I never knew this could hurt us. What can we do to help our scores - we want to build a home, but FHA won't let you. Any advice would be greatly appreciated!

The problem sounds like you do not have enough credit. There are several ways to build your credit score fast. The best way i have found works well for any level of income. You really need to be carefull not to ABUSE this...

Go to you bank and ask them for a small loan. Maybe $500. Setup the loan for a year. Keep the money from the loan in an account for about two weeks and then pay the loan off. It is best is you d this at several banks (3).

Credit cards are also good, but remember you have to be deligent about not using them. Also a lot of cards are offering low or no interest for a year. Take advantage, but read the fine print and never keep a balance. Ok banks will issue you cards as well as department stores and such. You need to apply for a couple of cards and use them on gas, groceries and things of that nature. Be sure to keep a good running tab of your spending. Always pay the full amount off when you receive the bill.

If you are diligent in your apending and accounting your score will climb fast and people will beat down your door to give you money. The credit cards you have will begin to increase the limits automatically.

there is more to say here, that is more specific, but you get the point. Any financial adviser can get you going in the right direction. Make an appointment with local CPA and let them give you some advice. Your young now is the time to seek out PROFFESSIONAL help.

There are several factors to consider. You say "not much bad" but what was it, bk, repo, or just lates. The highest amount you've ever borrowed is also a factor. I'd have to say that there must be something either you're not revealing, or has not been properly disclosed to you. Four years of being "perfect" should result in scores near or above 700

You should go for a proper program with an expert's help for a better management. Check out here for some useful info and tips.http://homeloan.online-assistant.info/ba...