To raise the credit score, pay off the credit cards.
Or if you need to buy a home now, the last post Sheryl Arndt has been on Trulia for a long time. She says she can do FHA loans down to 500, she has been posting her for a long while I would think she is credible.
I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify. I can raise fico scores within 3-4 days in most cases. Here is a needs list to gather for processing a loan approval, DU Approval or pre-approval letter to get out shopping for a home of your choice. http://tinyurl.com/l9ctod4
Here are some links to study and consider that I offer.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
9am till 7pm 7 days
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Just running your credit will not lower your score. Have one of your previous lenders send you a copy of your credit report so that you can really get to the bottom of what's bringing your score down. New credit inquiries contribute to only 10% of your overall FICO profile.
Let me know if I can help further and get you started on the right path.