Hi,
I am new to myFICO. I am trying to get a home loan and have a 710 FICO Score. However my husband has a lower score under 620. How bad will his score hurt me? His salary is also more than mine. We have paid everything down to a 0 balance. It is just taking time for it to recover. Any answers will be apperciated. Thanks in advance.
Gabrielle
Your husband likely will not qualify on the loan and you would have to qualify on solely your income and if you live in a community property state, his debts will count against your DTI.
What is hurting your husband's credit? What is your income and the home price you are looking at?
What is hurting your husband's credit? What is your income and the home price you are looking at?
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! 
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If he's not on the loan it won't hurt at all. If he needs to be on the loan your looking at FHA at best and then need to really get his score up 20 points.
He had a few accounts in collections while in college everything is paid and has 4 student loans right now totaling to 6980. Should we go ahead any pay them off how much will that helping his score?
We also just paid all of our credit cards down to a zero balance.
About 1000 dollars