No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I've been focused on my credit to improve mortgage scores. Restablishing my husband's - only had a paid loan, as agreed. Have him AU on 2 of my cards with over year history, and 0 utilization, he obtain an unsecured Cap One in April 2017. (3 cards total) The paid off loan will be dropping off in April 2018. I know he doesn't have a credit mix now, but curious as to if getting a SSL will help or hurt, since we'd really like to try for mortage within 6 months. Also with the paid loan aging off, it will drop his Oldest Age account from 10 years, down to around 2 years at the time. Also concerned about credit seeking within 6 months, even though it would be <9% balance by time we apply. Thoughts or any words of wisdom.
I have not pulled his mortgage scores here for him, and only get updates on his via Wallet Hub and Credit Wise- which I know aren't true FICO. I had initially pulled his scores via CCT couple of times, and been about 736 FICO 8 about 5 months ago and holding steady. I know he will eventually need the SSL, but I don't dare try it if I know it will do more harm than good this close before wanting to obtain a mortgage.
Pull his mortgage scores before you decide to get a SSL loan or not. I think it is worthwhile if his scores need it as he will see a large jump if he has no open installment loans now. Here is the thread:http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secu...
Please remember that the scores used for mortgages and the scores for Credit-Wise or FICO 8 even have no mathmatical relationship to one another. Your husbands scores may or may not be much higher than his other scores that you have in hand now.