Question? What does my score need to be?

[Anonymous]

I am in the process of buying a house this year.  After we purchase the house I plan to take the 8K tax credit and use it to pay off my auto loan that I have.  I just paid off my wife's car in March of this year it was a 4 year loan no lates.  My auto we have paid 2 1/2 years no lates on a 5 year loan.  Once I pay this off the only loan I will have will be our mortgage.  I will not have any other accounts on my CR. 

Had a BR in 3/02.  discharged in 9/03

As of now my last late was 1 1/2 years (Jan 2008) paid off a CO and it updated.

My Fico Scores 6/2/09  TU 687  EQ 648  EX 692 - got my EX score from my broker this month.  She showed my TU 649

I know my scores will drop some when I purchase the house.  My plan since I do not have a open CC is to get a secure CC to help my score.  I am not planning on buying the next car until Feb next year.  Once my late gets 2 years old my score should increase.  Also added the CC that should help my score. 

That is were I am any advise?   What score do I need for a good interest rate?

[Anonymous]

if you're buying a house don't open a cc right now, that's the advise i've read on the forums every single time this question came up.

if you're referring to opening a credit card AFTER you buy the house, then yes start small with secured cc, then it'll become unsecurred in 9 months or so, i can't predict what you're future score will be, but i think it'll be better than now because the cc would have been aged a little by then also you'll have a better mix of credit.

gl

[Anonymous]

Thanks for the reply.  I have also read to wait on the CC until I get my home loan.  Myfico simulator tells me the CC will help my scores so I just try to keep everything lined up.  It will be great to get over 700.