Q&A: Can refinancing current mortgage into spouse’s name improve credit scores?

Question by N_ J05: Can refinancing current mortgage into spouse’s name improve credit scores?
Will our current mortgage report as “payed-off” on my credit report, and will it cause my scores to increase. If so, how quickly? Will getting a mortgage, improve my husband’s credit scores? If so, how quickly?

Best answer:

Answer by smaddur
mortgage is considered “good” debt. credit cards are considered “bad” debt.
To improved the credit scores, the bad debt has to reduce.
Ofcourse no delinquencies, no bankruptcies, no court judgments also improves credit scores.

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