Hi Chane - I'm in a little bit of trouble with my credit score and needed your advice/help.

I'm closing on a house in 3 weeks, and my credit score just dropped by 70 points, from 663 to 593. I no longer meet the FHA min of 640 to qualify for the mortgage.

Basically, what happened was about 3.5 years ago I co-signed on a HELOC for my dad. He had it setup with an automatic debit through his checking account, so he would never be late. Last year, around September/October he filed for bankruptcy, but, he still intended on making the payments, and Citibank still debited his account. January 2011, they canceled the automatic debit, which caused him to have a late payment. He was out of the country, so he didn't see it until he got back.

I need to raise my score by 50 points and fast. Do you have any ideas as to what I can do? I just signed up for all 3 credit bureaus and disputed all my negatives. I don't know if that will work, or how long it will take.