UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: BiologyFool Three stars, 500 posts CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127673  
Subject: Re: First time buyer - several questions (long) Date: 1/1/2002 9:06 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
That's good to hear. The funny thing is she's never done anything stupid on her side, in fact had no credit in her name at all before we got married 6 years ago, whereas I did a lot of DUMB things before we met, but nothing since. Maybe the fact that I make more than she does has something to do with it, but I can't pretend to understand the credit scoring thing anyway. Our finances are very much a shared thing now and have been from the beginning, so it just seems weird seeing her score as different (especially lower) than mine.

Credit lesson number 2: I'm starting to sound like I understand credit scores (which I don't), but from what I've read, the fact that I bolded might be the reason that hers is lower.

Everyone should have a credit card in their name (and use it once a month) from their 18th birthday. My dad knew a guy in college that borrowed money that he didn't need, put it in the bank, and paid it back on time (loosing the difference between the interest paid to him and interest on the loan). When he graduated, he was able to take out a huge loan to start a business while his classmates were having trouble getting car loans.

Money is easier to get now, but it still seems like the more experience you have paying it back, the more likely they are to loan it to you.

-Brian
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Clorox Isn't Cleaning Up
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement