Our Credit Scores

In preparation to meet with a mortgage broker last weekend, Jordan and I checked our credit scores.  The last time we had done this was almost an exact year ago for me and two years ago for Jordan - the results were surprising on both accounts.

My score has gone down, and Jordan's has gone up - significantly.

My equifax score went from 769 to 755.  Two years ago, my equifax was 749.  I feel pretty good about the score and understand why it went down a touch.  When we got our joint credit card, they checked my credit - so I have a recent hard inquiry on my report.  Further to that the history of that card is very short (three months).

When Jordan was looking at purchasing his truck two years ago, the bank told us it was about 650 (I can't remember the exact number).  I wound up having to be the sole name on the loan because of it, though Jordan made all of the regular payments.  Jordan had to do some work clearing up an old debt and starting to re-build/build his credit.  Part of that process involved getting as secured credit card with his bank - keeping the balance low and making regular payments.

Well, the diligence paid off.  His credit score, two years later is 747.

We are more confident than ever about seeing the mortgage broker.  We are so looking forward to what he will tell us about our readiness to buy a home of our own.