Charging on exising accounts before closing

[violetsmom]

We need to buy a new refrigerator.  I found one that matches our other appliances for a smoking deal at best buy, and delivery available the day after closing (4/29).  My LO says I am okay to charge this on our existing best buy account, just do not open new accounts anywhere.  I am so scared to believe her though.  Would you???

[guiness56]

When does the CCC report to the CRAs and is the LO doing another pull on closing?

[Mike_B03]

What will it do to your utilization? Could it lower your credit score? Will it impact your DTI?

I've seen it happen more than once that an LO gives incorrect infromation and then say oops.

[foofighter74]

I would not do it, personally.

[violetsmom]

The statement for the account cuts May 8, more than a week after we close.

She said we are fully approved and the title company has our documentation, but that they do a random credit check (meaning they may not check at all):

Don’t open any new accounts.   On a conventional
loan we can pull credit again right before closing, what they are looking for is
new debt, we don’t re-check current balances. 

I know from reading this I should trust her and we will be okay but I have been SO careful for SOO long now (new build) that it gives me minor panic attacks even thinking about it.

[foofighter74]

You still have some uncertainty as to whether getting this refrigerator would potentially screw up the loan.  Not getting the refrigerator means there is no uncertainty.  Since I'm a fairly conservative person, I wouldn't do it.  But not everyone looks at the situation the same as I do. lol.

[violetsmom]

Ahhh I am so torn.  I have the screen ready to go but just can't do it!  haha!  What sucks is that it says first delivery date is a week from now, so that means if I wait until after we close I have to go without a fridge for a week.  BOOO.  First world problems, I know

[Mike_B03]

Any way you can use a relatives card and pay them back or something? Personally I woultn'd risk it...Id rather go a week without a fridge then worry from now until May if it will somehow screw you up. 

[violetsmom]

I could pay for it in cash, but we planned on using the cash we have for other things and taking advantage of the 0% interest. 

[Adalen]

Not worth it.  If you can pay cash now and put other things on credit later, do it that way.  Otherwise, Memorial Day is around the corner, there will be more sales.