How do I improve my credit score?

[Scott Sutton]

Hi everyone,

Sometime over the next 6 to 12 months, I plan to acquire my first investment property. My current FICO scores range from 726-738. Four years ago, my scores were around 790.

Since I don't have any blemishes on my credit history, I assume the drop in score is due to the limited amount of credit I carry. I rent my place, my vehicle is paid for, and I only carry a single credit card.

For someone in my position, what's the best and quickest way to improve my credit scores? I've heard that perhaps I should pick up 3 more credit cards or so, and rotate my purchases on each. Would that do it?

Thanks,

Scott...