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So I was pre qualed for a BofA mortgage on 1/6/10 with about 18% util on my CC. A few days later, the CC I used (and PIF before the due date) reprted the balance. It dropped my credit score 19 points, where I will be facing a huge rise in an interest rate. I was wondering what steps I can take here.
Like I said, they were all paid in full on time, but not currently reporting a 0 balance on my CR (checked today). My next payment of $0 is due tomorrow, and it should post on 2/10/10 (looking at last time they reported to the CRA).
Do I wait until they report a 0 balance, ask the creditor to report my 0 balance or just show that I have a zero balance to my LO via my statement. I am not worrying about my DTI, I am asking due to the ding to my current credit score. Thank you for your help and sorry if this is so confusing!
Ask your loan officer. They may not pull credit again so it wouldn't matter.