Reporting before delivery

[Anonymous]

Hi All,

I want to make a furniture purchase in advance for my new home. My question is, does anyone know if they will report even though it wont be delivered until a later date. Will they report right away or will they report after it gets delivered? Synchrony

As you may know, I don't want this to report while I'm trying to close on a home. I dont want this to affect my DTI.

Any help on this question would be appreciated.. Thanks

[Jnbmom]

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@Anonymous wrote:

Hi All,

I want to make a furniture purchase in advance for my new home. My question is, does anyone know if they will report even though it wont be delivered until a later date. Will they report right away or will they report after it gets delivered? Synchrony

As you may know, I don't want this to report while I'm trying to close on a home. I dont want this to affect my DTI.

Any help on this question would be appreciated.. Thanks

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I would NOT purchase anything until you closed and got the keys............................................

[RobertEG]

Only the business/creditor can tell you (1) if they even report to the CRAs, and (2) if they do, at what point in the process.

Call them and ask........

[Anonymous]

My experience with Synch is that there isn't time to brew a cup on my Keurig between approval and reporting. As stated, don't app for anything until the loan is funded and you have keys in hand.

[Iusedtolurk]

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@Anonymous wrote:

My experience with Synch is that there isn't time to brew a cup on my Keurig between approval and reporting. As stated, don't app for anything until the loan is funded and you have keys in hand.

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I totally agree with not doing anything that may jeopardize the approval process.  Even if it's stated that it won't report until a certain date anything could happen to upset that guarantee.  Just like CSR that say it's a SOFT PULL AND THEN YOU GET A HARD PULL.

[ccquest]

Combining with the above, even if the account doesn't report the inquiry will probably show and that's enough to let the mortgage company know you're looking at other lending.

[FinStar]

As mentioned by others upthread, SYNCB accounts tend to report within 24-72 hours.  The inquiry alone will be visible.  @Anonymous - don't jeopardize your mortgage process over furniture.  These kind of things can wait until your mortgage is closed and funded - keys in hand.