Impossible right???

Question

Soooooo, if I don't have any credit yet, but my husband has a decent score about 626-642 is it going to be hard for us to get a mortgage loan? Should I just stay off if the mortgage because I don't have a score yet or will they still take me into good thought over it? My job doesn't really pay enough to buy anything to make payments on. I only get $200-$300 every paycheck and that usually only covers my gas to and from work, pet food, my phone, and a little in savings. Should I see about getting a couple hundred loan to get like new furniture and pay that off a little at a time??

Answer

When my husband and I bought a house he didn't have any credit. I had great credit, but he'd never felt the need to open a credit card.
My loan officer suggested I add his name to 3 of my different credit lines (I put him on Victoria's Secret, US bank credit card and Amazon credit card). About a month later his score was almost the same as mine. 
He didn't use the cards or anything. Just having his name on the accounts boosted his score.

Answer

we both had NO credit. it's really for you to just open a card buy a few little things every month go home and pay of the card and boom it will show a great credit. 
took us few months

Answer

Fastest way to improve credit is to get a credit and pay it off every month. Before I bought a house my credit was in the 620s I got a credit card used it for gas and paid it off monthly and my credit was up to 680s within a 6-10 months.

Answer

Get a credit card and use it for the things you would pay cash for. Pay it off immediately each month using the money you would have used to purchase those things outright. Your credit will build by doing this.

Answer

When we were first looking at buying a home, my credit was great and husband’s was eh. They wouldn’t even talk about putting me by myself on a mortgage because I didn’t have the higher income even though we had joint accounts and I was told that the company we went through ANYONE over 18 that would be living in the house had to be put on it and their credit be run as well. Not sure why. But, I was also told to put my husband’s name on a couple of my credit card’s and that drastically increased his score in just 3 months. If you don’t have credit, some places will also look at bills you have such as storage, cell phone, something you pay every month to get an idea of your accountability, reliability, and ability to pay things on time.

Answer

You will have a credit score regardless of your income. Mortgages will have credit score, income and out goings and length of employment looked at. It’s harder in the UK to get a mortgage if you are self employed. Speak to a mortgage advisor and see what they suggest

Impossible right???

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