Want to purchase a home in a year..Bad Credit..Advice?I recently applied for a mortgage and was denied. My scores were EX614,TU603, and EF617. I have 2 credcard charged off, 3 private student loans that were in default but now good standing for 3yrs, federal student loan of 30k(27k balance) in good standing, I am authorized user on cc w/16k limit and no balance, no other open accts and no negatives for 3yrs. Report says my debt/credit ratio is 63%(30k/48k).I have paid $850/mth rent for 2 yrs and $200/mth student loan payment w/ no lates.I would like to buy a home in the 160k-180k range in a year(or sooner if possible). I have 20k for down payment.My income is 40k/yr with expected income raise and bonuses to increase income to approx 60k by feb'11.Any advice on how to raise my scores to achieve this?Would a secured credit card with low utilization raise scores enough?May 18 2010 - Nashville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.