Friday, October 2, 2009

Credit problems

So...we tried to get a mortgage for Courtney Avenue, but it turns out that Eddie's credit score dropped 100 points since June. It was shocking! Well, I think the most harmful factor was that a lot of the credit cards dropped his credit limit by half or more, and so whatever balance he had in his credit card accounts went from being 20% of the available credit amount to 100%.

Then the most recent payments we made to lower his credit card balance hadn't shown up, yet.

From now on we're going to be vigilant about credit scores and asking for corrections on credit reports.

Anyway, we can't get a mortgage for the amount we had wanted to offer. looks like we're going to focus on Liberty Street, which is in fact back on the market.

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