Need Advice on raising score

[homeinfuture]

My wife and I spoke with a local homebuilder and wanted a home built in a new community. We were told that we could get approved with a 620 credit score however my EQ fico is now at a 541. I have no open credit cards but I just got approved  for a Capital One secured card with a $200 deposit that I will be paying tomorrow.  I also have an open auto loan with Drivetime that has been on time never late since 10/2011 and another auto loan from Credit Acceptance that has been open and never late since 02/2014. The negatives on my report are listed below, My question is what is the best thing to do to raise my score up fast we are trying to start building in 6 months so I will need the 620 score.

Negatives

Badcock 

Date Major Delinquency First Reported:

09/2010  Charge Off $578 

Credit One Bank 

Date Major Delinquency First Reported:

04/2014  Charge Off $656 Balance shows $0 Transfer/sold

Summit Financial 

Date Major Delinquency First Reported: 02/2011  Charge Off $8,933 Balance shows $9,328 This was a vol repo

Sunbelt Credit 

Date Major Delinquency First Reported: 09/2008  Charge Off $2,157

Vanderbilt Mortgage

Voluntary repossession of mobile home 

Date of First Delinquency:

11/2007  $58,592 balance. 

The Vanderbilt mortgage is set to fall off this year according to my report. Will that make my score increse as well? 

Thank you in advance for your help. 

[Shogun]

That one that falls off will be nice, that's a biggie.  

[Shogun]

That car repo is going to be a problem though, any way to negotiate anything with them on that one?

[homeinfuture]

I could try something with them, What would I do just offer a payment plan? Also when I get my secured card in how would you recommend using it to maximize my score? Thank you

[TRC_WA]

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@homeinfuture wrote:

I could try something with them, What would I do just offer a payment plan? Also when I get my secured card in how would you recommend using it to maximize my score? Thank you

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I don't know if there is  way to use a $200 card to maximum potential...  charge $20 a month and PIF?  The limit is so low that if you let the car report even a $150 balance that will make your utilization high and cause your score to drop.

Regarding your other baddies... yeah... the repo(s) hurt and the Credit One is recent too.

[homeinfuture]

I know $200 is low so I plan on paying more to increase the balance, I am also going to try and get another secured card maybe with Merrick? I called Credit One and they refered me to Midland  who they sold it to so would requesting  a PFD from midland be a good idea? 

[Whitneyy]

HI and welcome, the repo should be falling off soon I thought, so why even poke it at this moment? When it falls off is when I personally would start to send them payments for 30% of the debt.

As for everything else, I would start with the smaller one first, find out if the company is willing to accept full payment for deleting the charge off status and possibly removing it from your credit reports.