My wife has an 800+ credit score and I don’t. Why?
First of all I would like to say how proud I am of her. She is such a responsible person. When we got married I think it was a real act of faith for her. She the conservative babe and me the get up and go risk taker. So many men I know, like me, are just lucky ducks.
Here are the reasons her score is higer than mine.
1- She has more borrowing power than do I. By this I mean, she has some credit cards I don’t.
2- She has no balances on her cards, I have some balances.
3- She has had accounts open longer than do I.
4- My report shows several inquiries over the last few months, hers none. Dang those car dealers anyway.
5- She is female. I can’t prove it, but I think FICo gives 20 points for being female. After all they are more mature.
Have a happy score. Lar
I have the same situation. My husbands score is higher than mine for te reasons listed above + he has a job and has had the same job for many years, I am self employed. I think I get dinged for that even though I am not a guy.
I’ll bet history will look back on the FICO thing in a most unfavorable way since they score us using some top secret formula that could be very biased and even discriminatory and illegal.