A sneaky thing to watch for when you buy a home

A place to discuss anything... except credit cards!
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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Sep 30, 2014 9:18 pm

jlam572 wrote:Another thing is lenders may make you cancel your amex card. I had to cancel my card for a few weeks while waiting to close. The banks reason "you charged 26k in one month on that card, and we cant have you doing that after you purchase a home." I wish amex would report something to credit bureaus other than the max we spent in one month.


Well, other cards report the highest intra-month balance on the card. Is that fundamentally different?

I've only seen my TU report in full since I got my Amex charge card. TU just showed the month-end balance and gave no credit limit. Maybe EX and EQ present the charge amounts in some less favorable way.

$45 is great for a synthetic change! I think I last paid something like $75 at the dealer for a synthetic change.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
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Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
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rhipsher
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Postby rhipsher » Sun Oct 05, 2014 7:52 pm

The only piece of mail that is important is the one that says IRS on it. :rolleyes:

MemberSince99
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Postby MemberSince99 » Mon Oct 06, 2014 6:30 am

rhipsher wrote:The only piece of mail that is important is the one that says IRS on it. :rolleyes:




I could imagine some scammer putting IRS where that stands for some made up name International Real Scammers or something, to make it look like the IRS.



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