It's been a long process for us and after many months of waiting for our sellers to find a home and their sellers to find a home etc. (6 seperate sales/families invovled in this) we finally have a closing date for 12/2 at 10am. We've been under contract since July!!! we just received the clear to close today and it was such an amazing feeling and then I got an alert from myFICO showing a balance increase on one of my cc by $1,400. I almost died- my husbands card, which I'm an authorized user on reported and we completely forgot to pay it down before it reported. So stupid of us. Assuming they are doing a soft pull either tomorrow or right before closing on Thursday, how much do we have to worry here that this is going to derail everything? The minimum payment on the account went from $25 to $27 so I know we okay with DTI but I'm just so freaked right now!!!! I'm so paranoid and scared of this falling apart after all this time. Any words of encouragement 😩 my LO is fully aware and he said let's just roll with it and we will deal with it if they flag it but just hoping they don't.
@Kp629 wrote:It's been a long process for us and after many months of waiting for our sellers to find a home and their sellers to find a home etc. (6 seperate sales/families invovled in this) we finally have a closing date for 12/2 at 10am. We've been under contract since July!!! we just received the clear to close today and it was such an amazing feeling and then I got an alert from myFICO showing a balance increase on one of my cc by $1,400. I almost died- my husbands card, which I'm an authorized user on reported and we completely forgot to pay it down before it reported. So stupid of us. Assuming they are doing a soft pull either tomorrow or right before closing on Thursday, how much do we have to worry here that this is going to derail everything? The minimum payment on the account went from $25 to $27 so I know we okay with DTI but I'm just so freaked right now!!!! I'm so paranoid and scared of this falling apart after all this time. Any words of encouragement 😩 my LO is fully aware and he said let's just roll with it and we will deal with it if they flag it but just hoping they don't.
I think you will be ok... $2 more isn't likely to move your DTI, so as long as this balance didn't move you into a new utilization teir (8.9%, 28.9%, 48.9% etcetera) you should be fine.
