Mortgage co. needs 3 lines of credit, how do get a pymt history?

found our house thought everything was good to go. now the mortgage co needs 3 lines of credit on my husband, everything is in my name. except the car loan, cell phone, car insurance. I cant get them to give me a payment history stating it was paid on time. I can get when the accounts were open which was over 2 yrs ago. How do i get them to give me a history of my payment? And does the mortgage co. really need the pymt history or just the bills in his name. we are just about to give up, and we found a house and already put down the escrow money. had the "good faith" papers from the mortgage company...hope you can understand my Q...its just we are scared and frustrated...someone please help us. we are 1st time buyers...thanx so so much...

10 Answers

  • Anonymous
    1 decade ago
    Best Answer

    I am making the following assumptions: 1. You need your husbands income to qualify for the mortgage; and 2. The credit report does not show any credit for your husband (or not at least 3 credit lines). If you are not using your husband’s income, then they shouldn't be asking for that information.

    Lenders make loans based on credit history. For most of us, that means the history contained in our credit reports. For those individuals that don't have credit that was reported to the credit bureaus, lenders will use what they call alternative documentation. that is, you have to produce at least three references that have granted you credit.

    If the companies are not willing to give you that documentation, then you need to go through your records and produce bank statements, cancelled checks, receipts, etc. that can show that your husband is responsible and has a history of paying his bills on time.

    As to your inability to get the info from the companies, if they are large, reputable companies you should be able to find someone through their customer service departments that will help you get that info. (If the car loan was from a bank or national finance company like GMAC, which should have been reported to the credit bureaus and then you should only have to come up with two more references.)

    I am a Mortgage Broker in Illinois. If you would like to be more specific, email me at and I will give you whatever advice I can.

    Source(s): Real Estate Broker, Mortgage Broker, CPA, State of Illinois
  • 3 years ago

    3 Lines Of Credit

  • Anonymous
    1 decade ago

    Sound to me like the mortgage company is looking for an excuse to charge you higher interest because they will say he is a credit risk.

    Look you are the one that they should be trying to please. I can understand they might want more documentation but if you have plenty of good credit then what do they want.

    Can you buy the house in your name along? I would look around for other mortgage companies. If you are going through a real estate agent there should be lots of mortgage companies they can point out to you. Also, there are mortgage companies on line and you might try them. My friend got almost instant financing with an on line company when she bought her home.

  • Karen
    Lv 4
    4 years ago

    For the best answers, search on this site

    I suggest you check around for another mortgage lender. I've never heard of a requirement for 3 lines of credit. You just need a sufficient score and clean report, along with a good debt to income ratio, salary, job history, etc. When you are referring to is piggybacking. FICO changed their score formula to prevent piggybacking. Being added as an authorized user to someone's credit card only counts in FICO scores for spouses and kids. If you have credit cards in your name in good standing, you could add him as an authorized user and the accounts would show up on his credit report. It might take up to 60 days before they show.

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  • 1 decade ago

    i'm a loan agent ,and if you want for fast resaults this is what needs to be done .first get someone you know that has good credit to just add your hasband to three of there credit cards and within 4 weeks all the credit history from those credit cards will appear on your husbands credit its wierd but it really works.

  • 1 decade ago

    We just closed on our house (3rd in 6 years, wife likes to move) and the credit report that was given to us had the last 12 months of payment history on it.

    You can get a free online copy of yours and your husband report from all 3 major reporting companies:

    Federal Trade Commission

    has a link to

    The only thing you will not get is the actual credit score but it will give you at least the last 12 months.,

    Good luck on your house....

  • 1 decade ago

    I am a Mortgage Consultant that has been doing this for over 6 yrs. There are some banks that help people who have not credit scores. There are many banks that help people in all situations. If you would like my help please contact me.

  • 3 years ago

    This is a very interesting question

  • 3 years ago

    I think it depends

  • 1 decade ago

    Hello Sweet Pea -

    It sounds as though you might be working with an inexperienced loan officer.

    The loan officer before they can even qualifiy you for a loan, must run you and your husbands credit profile, and from that they will have the payment & credit history.

    Depending on the lender, they can also take alternative trade lines if your husband does not have more traditional ones.

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