I'm not sure what to do here. At the end of last month, I decided to take a serious look at buying a home. Within the course of one week, I searched for, found and went under contract on a home. So far, everything has been great. I just ordered my appraisal yesterday. Here is my problem:
I have two baddies on my report. The lender was able to approve me despite them. I advised them that I had two new "shopping cart trick" cards that I had recently opened but were not yet on my credit report. He indicated that that was fine as long as they were adverse. We both thought it would be at least two months before they started reporting anyway, so it should be fine. Well, last night, I received a notification that they are now reporting. I'm super nervous because I'm right in the middle of my purchase and my credit profile has changed. What do I do? I have not contacted the lender yet. Also, one of the cards reported with a balance, but that has since been paid of in full. That was the sportsman's guide visa. Any way for me to get that updated right away? Any kind of help would be great. Thanks in advance.
Starting Score: 400s
Update: I spoke to them and they advised that as long as I don't increase my debt, I'm ok. My credit won't be pulled again until a few days before closing, so I'm ok :-)