I have a foreclosure in November of 2005 and since then I have managed to pay all my bills on time and not open a new lines of credit. My credit score is currently about 650 and I need to bring it up. I don’t have any debt at all and I just paid of my car last month. I have one credit card with capital one ($650 limit). What can I do to improve my credit score at this point other than pay my bills on time? I want to apply for another credit card so I can have multiple line of credit going, but I am afraid that due to the foreclosure last year and my score of 650 I might get denied even though I have been paying all my bills on time for the past year, what do you think? Should I apply for the card? If yes, what kind of card should I apply for?

Thank you for your help

Credit scores takes years to bring back up, there is no "quck fix" just keep paying your bills on time and each year it goes up.

The last thing you really want now to applying for more credit,

I agree with Chuck, that you really shouldn't be considering getting more credit. The one card you have, should be enough for some impulse purchases where you don't have enough cash with you. If you need to purchase a larger ticket item, you can usually get a store credit line for that purchase.

It may be possible to purchase something small, like an appliance or a piece of furniture, from a store that offers to finance the purchase and pay that off short term, like in a year or less. I would especially suggest the zero percent interest deals I see offered sometimes by the furniture stores. That helped me establish credit when I didn't have any (had to buy the vacuum cleaner to buy the car LOL). Just a thought...