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Feels pretty yucky. I took some money out of my 401 K to pay back some debts. I paid off almost 6,000 in a high interest credit card , The next day my credit score dropped 90 points. WTF?
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I have heard different answers and was wondering what you guys had to say?
Thanks,
Erik
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Ok- here is the situation:I am purchasing a duplex and utilizing a 203k to do so. It is an off-market, estate sale property so the process has been dragging out since I originally put it under contract in June. I was ...
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They are all 19-20 year olds (3 room mates). First one's results came back, all clear everything, no criminal, evictions, etc. Credit score: 0....
They've all lived with their parents up to this point....
I don't t...
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I am an ambitious young woman 32 who is looking to invest in a first time home purchase. I would like to go with a multifamily home and would get an FHA loan. My credit is between 540 and 560 which is close to the 58...
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I built my credit up from a 570 to an 810 in about 3-4 years. Then this year I Bought my first 3 long term rentals and each one I buy comes with 2 hard hits on my credit (I haven’t even refi’d any of them yet, I’m tr...
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I am a new landlord. I have two applications from the same household. Both have credit scores of less than 550 and less than 60 % on-time payments. They make 3x rent, but given the missed payments and credit scores, I...
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Is there a minimum credit score you need to have to cash out refi an investment property?
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So I just rcvd a rental application from Zillow and the credit score is showing 714 which sounds good... BUT there have been 24 late payments with the last late payment made in Nov 2024 and 0 paid on time. There's a ...
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there are some places where i get inquiries for apartments, where 99% of the people have credit scores in the 500s, how do you go about this?