Credit Card Center Advertiser Disclosure†
10-28-2007 03:16 PM
10-28-2007 04:28 PM - edited 10-28-2007 04:33 PM
10-28-2007 05:08 PM
10-28-2007 05:38 PM - edited 10-28-2007 06:30 PM
10-28-2007 06:09 PM
10-28-2007 06:17 PM
10-28-2007 06:31 PM
Momoffour wrote:I will begin to build some credit as it is simply non existent at the moment. A mortgage broker tried to pitch us the idea that we could use my credit only and my husbands income - does this sound possible? The idea is that in six months I will have established credit and we could use my husband's solid work history and decent income. I have not worked beyond a part-time basis over the past five years. This particular mortgage broker seemed serious but I question whether it is either legal and/or ethical as he wants to base the loan on my "income" which would only be part-time freelance writing income - he says that the income did not need to be proved as a writer can make a lot of money at any given point. This sounds shaky at best - can any of the mortgage specialists comment on this approach? Thanks in advance for your time.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.