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Author: BiologyFool Big red star, 1000 posts CAPS All Star SN Explorer 1 Mission Team Member Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128129  
Subject: Re: First time buyer - several questions (long) Date: 1/1/2002 9:06 PM
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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.

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