The Weight of Money

It’s been a while since I talked about my efforts to improve my credit score, but I just wanted to chime in with a quick cheer that my score is now in the 700s! I’m so excited to see that, even if I know it’s a variable adjustment due to the fact that we just did a balance transfer over to another card. So, this my be a temporary jump into the 700s, but even if it is, I’m still happy.

Perhaps in 2.5 years* we’ll be in a position to get a better interest rate on our house because of improvements to my credit score — and hopefully to the partner’s as well if out debt management improves.

* If we refinance before that point, we’ll get dinged with a charge equal to 3% of our loan — basically, a clause that prohibits refinancing for a certain period of time. We could have skipped that clause and added almost a full percentage point to our interest rate - so we took it.

This entry was posted on Sunday, February 17th, 2008 at 7:32 pm and is filed under credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.