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CAN I USE MY CC AS NORMAL WHILE IN UNDERWRITING?

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nelson_xxiii
Contributor

CAN I USE MY CC AS NORMAL WHILE IN UNDERWRITING?

Am I able to use my cards as normal for bills or groceries etc while in underwriting? For information purposes, the card I would use doesn't cut a statement until Feb. 28th and I am supposed to close on Feb 23rd on the house. My understanding is this shouldn't interrupt anything because balances don't report in real time and if/when they pull my CR on the day of closing (Feb 23rd) they will see my last reported balance of $0.00 from Jan. 28th. I'm trying to avoid too much activity in my bank account since they are monitoring it and figured I can just use my credit card in the meantime for any bill or gas or groceries and daily expenses in the meantime. Is this okay? 

CURRENT FICO 8:





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Mortgage 02/23 $370k | 2 Auto Leases $30k | 1 Personal Loan $2k | Rebuilding (No BK)
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1 REPLY 1
VAMortgageGuy
Regular Contributor

Re: CAN I USE MY CC AS NORMAL WHILE IN UNDERWRITING?


@nelson_xxiii wrote:

Am I able to use my cards as normal for bills or groceries etc while in underwriting? For information purposes, the card I would use doesn't cut a statement until Feb. 28th and I am supposed to close on Feb 23rd on the house. My understanding is this shouldn't interrupt anything because balances don't report in real time and if/when they pull my CR on the day of closing (Feb 23rd) they will see my last reported balance of $0.00 from Jan. 28th. I'm trying to avoid too much activity in my bank account since they are monitoring it and figured I can just use my credit card in the meantime for any bill or gas or groceries and daily expenses in the meantime. Is this okay? 


Yeah, you should be fine.

Message 2 of 2
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