REPAIRING BAD CREDIT.... NEED EXPERT ADVICE

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I went to go apply for a 5,000 dollar loan last week and I was declined. I was shocked, considering I own a house a car, have assets, etc.

So apparently this is what happened and I'd like to hear from people on what I should do now to raise my credit score.

I cosigned a rental apartment for my mother 2 yrs ago, bc her credit was shot from divorce, etc... So i signed her an apartment, I bought an investment property and decided to have her as my landlord for the property this past spring. However when she moved out she ONLY gave the management group of the apartment building 7 days notice. Since the apartment was on my name, the apartment building claimed they required 3 months notice, etc,etc and took it to court, indicating i owe them those months rent because of the late notice. My mother was probably aware of such a notice. She neglected it, which I am Furious about since it hurts my credit.

Now this is on my credit bureau and it is hurting my credit score badly. I can;t get a lone or a mortgage for another investment.

I will have to pay off this debt, i understand that. I spoke to the bank and they said even if you pay it off, you will only be able to get a line of credit or loan if you have a cosigner. I definitely dont want a cosigner.

How can I raise my credit score as soon as possible after I pay this off? My credit has already been damaged and they said that will remain on my record for 7years.

Im sure others have been in similiar situations, I'd like to know how they overcame such a problem.

Thank you,

Jon