stolen credit card affect on mortgage app
09-28-2012 01:31 PM
We were days away from making offer on a home after 7 months of successfully repairing my credit. Someone got a hold of my credit card # and maxed it up to it's $1,000 limit. After assurance from CC company (applied bank) that we would be reimbursed for all fraudulent charges I went ahead and paid it down to 9% as the reporting date is 10/2.
My question is now that I'm being issued a new card (CC Company used term new account) will that effect my average age of credit? Will it appear as a new account? will my credit report show the stolen account as closed? I asked the credit card CSR these questions but could tell she didnt understand what I was asking her.
Ty for any input
Starting Score: EQ 609 EX 570 TU 656 March 2012
Current Score: EQ 653 EX 671 TU 700 November 2012 lender hard pull
Goal Score: 700
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