From 500 to 750: How to Raise Your Credit Score and Achieve Homeownership

Owning a home is a dream that many share, but bad credit can seem like a barrier standing in the way. Fear not! With the right strategies and determination, you can raise your credit score from 500 to 750 within months and make that dream a reality. In this comprehensive guide, we’ll walk you through step-by-step instructions, from debt management and budgeting to credit repair, so you can confidently embark on your journey to homeownership.

Step 1: Know Your Current Credit Situation

Before you start, you need to know where you stand. Obtain your credit reports from all three major credit bureaus (Equifax, Experian, and TransUnion) for free at Analyze your reports for errors, inaccuracies, or accounts in collections that need attention. Create a game plan to follow so you can stay focused to get these items removed or updated on your credit report. Seek help from knowledgeable professionals like PVS Financial Coaching and Services if you need help doing this.

Step 2: Create a Budget and Tackle Debt

Start by creating a budget to manage your finances better. Allocate a portion of your income to pay off debts systematically. Focus on high-interest debts first while making minimum payments on others. Websites like and You Need a Budget (YNAB) can help with budgeting. Angenett Curry at PVS Financial Coaching & Services offers one-on-one assistance with creating a budget you can manage.

Step 3: Build Positive Credit History

Begin to rebuild your credit by establishing a positive credit history. You can achieve this by applying for a secured credit card, which requires a deposit as collateral, or becoming an authorized user on someone else’s credit card with a positive payment history. Responsible use of these cards will reflect positively on your credit score. Creating positive credit history is not hard to do. Paying your debts on time every month creates positive credit history. Most people don’t like to do this, though.

Step 4: Explore Credit Repair Strategies

Consider credit repair strategies to address any inaccuracies or discrepancies on your credit reports. Websites like PVS Financial Coaching & Services (PVS) offer professional credit repair assistance to help resolve issues and improve your credit standing. PVS offers a free credit consultation in which they review your credit report for free and tell you what’s helping and hurting your credit. Visit their website today at to get more information.

Step 5: Practice Responsible Credit Behavior

Maintain a good credit utilization ratio by keeping your credit card balances below 30% compared to your credit limit. Make on-time payments for all bills and credit obligations, as payment history is a significant factor in credit scoring. To assist with this journey, PVS has several financial literacy workbooks that will educate you on making responsible financial decisions. Check them all out here:

Step 6: Monitor Your Progress Regularly

Stay on top of your credit progress by regularly checking your credit reports and scores. Websites like Credit Karma and Credit Sesame provide free credit monitoring services to track your score’s improvement. Angenett Curry of PVS offers monthly credit consultations for $25 a month. She will pull all credit reports and create a financial game plan to list strategies to increase your credit score and decrease debt. She also assists with disputing negative items on your credit report. Contact her today:

Step 7: Keep Your Debt Low

Too much debt can hurt you when trying to purchase a home. Most lenders look at your debt to determine how much they can loan you. Debt to income is a term lenders use to determine how much debt you have compared to your income. Most lenders don’t approve loans if your debt exceeds 40% of your income. It is essential to keep your debt below this percentage to guarantee an approval on a loan. You can calculate your debt-to-income ratio here for free:

Step 8: Learn from Experts on YouTube

For additional guidance and tips, check out these YouTube channels:
∙ “ProspectiveVisionSolutionsLLC” – Provides tips and advice to repair credit and manage debt.
∙ “Journey With The Hintons” – Offers insights into credit repair and rebuilding.
∙ “The Dave Ramsey Show” – Provides excellent budgeting and debt management advice.
∙ “Graham Stephan” – Shares valuable tips on building credit and achieving financial goals.


You can transform your financial future and achieve homeownership by taking control of your credit. Following these step-by-step instructions, including budgeting, debt management, and credit repair strategies, it’ll boost your credit score from 500 to 750 in no time. Remember, patience and persistence are key, and with determination, your dream home will be within reach. Start your journey today and unlock the doors to a brighter future!

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