Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on .

User Stats

1
Posts
0
Votes
Jarmill Walker
  • Buffalo, NY
0
Votes |
1
Posts

Credit score and Closing

Jarmill Walker
  • Buffalo, NY
Posted

Hi, I saw post regarding a person's credit score dropping and them closing on a house. I have a similar situation where I am closing on a house in 4 weeks and I just saw that my credit score dropped 30 points due to my credit card balances increasing by $1,200. I immediately paid $500 on my credit card and will be able to pay another $400 by that closing date but I understand that my credit score will only jump back up a few points. Will this potentially affect me closing? also, why does my score drop so much because of the $1,200 balance increase but if I were to pay $1,200 to decrease my balance or even more my score would only go up a few points?