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Updated over 6 years ago on . Most recent reply
Closing on a house in 7 days and credit score dropped 60 points
Hey guys,
we are about to close on the house, and we just found out our credit score dropped 60 points, so now we have a delinquent payment of 60$ reported to credit bureaus. (We did not receive a paper statement from the credit card company, so missed the payment).
Would this affect the closing? Would now our interest rate be higher?
Most Popular Reply
![Ned Carey's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/6125/1621347669-avatar-ncarey.jpg?twic=v1/output=image/crop=1234x1234@96x0/cover=128x128&v=2)
60 point drop for 1 late payment. I am skeptical. I bet there is more to the drop than you are telling us or that you even understand. Did you run up more Credit card debt buying things for your new house? Yes it is comon for this to happen and screw up closing.
I agree with Andrew Garner that you should contact the creditor ASAP.