Need Help - In Escrow and Need Credit Card - Score of 645

[Anonymous]

Thank you. I do have funds but am careful about using them. I'm in San Francisco. A down payment here was over $160k, so it wasn't easy to save that much, and I'm saving for my two small kids education. I can go get more out of savings, but at this point, I'm just wary bc I've had to pull sooo much for the down and closing costs. I'd like to just put these items on a card. I really appreciate your concern. It's been an uphill battle. Husband died in car crash on way to work...life pretty much went downhill from there for me and our small boys...and it's taken A LOT of work to get to where I am today. The credit thing has been a toughie!

[Imperfectfuture]

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@Anonymous wrote:

Thank you. I do have funds but am careful about using them. I'm in San Francisco. A down payment here was over $160k, so it wasn't easy to save that much, and I'm saving for my two small kids education. I can go get more out of savings, but at this point, I'm just wary bc I've had to pull sooo much for the down and closing costs. I'd like to just put these items on a card. I really appreciate your concern. It's been an uphill battle. Husband died in car crash on way to work...life pretty much went downhill from there for me and our small boys...and it's taken A LOT of work to get to where I am today. The credit thing has been a toughie!

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Stop saving for kids education until you have stable home (suze orman advice).  No putting on card, your scores will not qualify for what you want.  Sorry.

[Anonymous]

Oh - and thanks to those who said to hold off on applying. I will. I think my mortgage broker was thinking that my credit will lower once the home loan funds, and so it'll be harder for me to get a store card. Still, I will wait. Good advice.

[Creditaddict]

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@Anonymous wrote:

Oh - and thanks to those who said to hold off on applying. I will. I think my mortgage broker was thinking that my credit will lower once the home loan funds, and so it'll be harder for me to get a store card. Still, I will wait. Good advice.

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I think you will actually see your score go up!

[Anonymous]

Thanks - that seems like good advice. I just ordered a Suze Orman book...excited to "meet" her!

[Anonymous]

Please look carefully at the advice provided by several people about not charging a bunch of new things on credit cards. It's good advice to follow, and they are not only saying that because the timing of closing on a mortgage. Your financial situation and credit score do not make it a wise move at this time to amass a lot of debt. If your funds are low or limited to the point where you can't pull from those funds to get a bed, then please consider following some of the suggestions provided and don't put yourself in a difficult situation financially by charging a lot for new home items. Living room sets are not necessities - and others provided valuable advice as well. Best of luck. I know it's not easy.

[Anonymous]

^ +1

Look at Sears outlet for a refrigerator. You can get good prices on models that have dings or minor cosmetic issues. Same for the washer/dryer. Look on Craig's list for the w/d, garage sale season is coming soon and I always see them for sale.

Good luck on your closing!!!!

[Anonymous]

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@Anonymous wrote:
^ +1

Look at Sears outlet for a refrigerator. You can get good prices on models that have dings or minor cosmetic issues. Same for the washer/dryer. Look on Craig's list for the w/d, garage sale season is coming soon and I always see them for sale.

Good luck on your closing!!!!

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+1 also - good advice

[Anonymous]

I'm convinced :-)   Thank you, all. I do have the option of buying the stager's furtniture for a deep discount and I'll likely do that. And, am combing craigslist for inexpensive w/D and fridge. Looks like I could probably get something near-new for a pretty good cash price.

[Anonymous]

I think that's the best option. Stove, fridge, and washer and dryer are often included in the sale of a home. I'm using some strangers stuff right now. Why settle now when you can save for something nice.