Before having a lender pull your credit report, you should check it yourself first.

1.    Pull your own credit reports directly from each of the three credit bureaus.  By law you are allowed 1 free credit report per year from each credit bureau so you can check for errors.  The free reports won't have the FICO score.  They do offer an option to pay for the report and get the score.  At this point you don't need the score, just the tradelines listed on the report. 
The advantage of pulling your own report is that you can directly dispute any errors and you don't get an inquiry listed on your report.  Equifax,; Experian,; and TransUnion,

2.    If you have collections or negative trade lines, sign up with 45Credit to get specific advise on what and how to correct the negative information.  This service will provide you with specific recomendations on which actions you can go that will raise your scores and what not to do that might lower your scores.  Sometimes paying off old collections can actually lower your score.
After signing up for the service, input the tradelines from your credit report.

3.    Follow the instructions from the Action List.
Go back to teh credit bureaus and dispute errors.
Request deletion letters from collection companies.

4.    Once you have completed everything on teh Action List, notify me to continue with the loan process.




Below are links to information About Credit Scores

Building a Better Credit Report

12 Myths About Credit Reports

Fake Credit Report Sites: Cashing in on Your Personal Information

Negative Credit Can Squeeze a Job Search

Credit Repair: Self Help May Be Best

How to Dispute Credit Report Errors

Q: Are there other situations where I might be eligible for a free report?
A: Under federal law, you're entitled to a free report if a company takes adverse action against you, such as denying your application for credit, insurance, or employment, and you ask for your report within 60 days of receiving notice of the action. The notice will give you the name, address, and phone number of the consumer reporting company. You're also entitled to one free report a year if you're unemployed and plan to look for a job within 60 days; if you're on welfare; or if your report is inaccurate because of fraud, including identity theft. Otherwise, any of the three consumer reporting companies may charge you up to $9.50 for another copy of your report within a 12-month period.

To buy a copy of your report, contact:

888-EXPERIAN (397-3742)
Trans Union

Want a Free Annual Credit Report?   PDF Form

Fair Credit Reporting Act  "On average we raise our Client's Credit Scores 60 to 100 Points while removing 2 out of 3 negative items from their credit report.

How to Raise Your Credit Score 100 Points in 45 Days  by Edward Jamison, Esq.

How to Double Your Available Credit in Less Than Two Years  By Edward Jamison

Fannie Mae/Freddie Mac Alert!

November 20, 2007- Fannie Mae and Freddie Mac have announced loan price increases for borrowers with credit scores below 680 on loans with LTVs less than 70%.

In an investor conference call Mike Quinn, SVP Single-Family Risk Officer for Fannie Mae said, "we announced a meaningful, across-the-board increase on loans having credit scores below 680 and LTVs above 70%. These changes in underwriting and pricing will help control losses and maintain appropriate levels of profitability through this cycle."

And in a letter posted on their website, Freddie Mac said they will be charging from .75% up to 2.0% depending on the borrower's credit score for loans submitted with less than a 70% LTV and credit scores below 680.

The following table illustrates the rates and costs for a borrower with a loan amount of $300,000.

Credit Score
Delivery Fee Rate
Below 620