DeniseG

First Premier helped start me back on track with building my credit but they cost me annual fees that were way too much and to be honest, I hated them so I closed the account lol...you're better off without them - try a secured card with your bank instead like the others on the board mentioned.

Other than the ding in your fico scores I would definately call Zales and ask them the reason for closing the account... I'm willing to bet its due to inactivity. As long as you have other cards with better TL's than the $400.00 CL that you have on this one you should be ok. Credit is becoming hard to find these days as evident with what AMEX is doing to everyone here on CB. Only going to get worse before it gets better in my opinion. Thanks for your reply...yes I have others with higher limits and longer trade lines, and yes this was paid in full in April 2007...haven't used it since, but haven't even gotten anything from Zales saying that they closed it...just my credit alert online. Oh well, I won't EVER do business with them again.

Weird...I have decent credit - mid 600's, a little high utilization because we just bought a new house and I've used some of my cards to buy some furnishings. I have 2 baddies on my report - one is a charge off that is 6 yrs old, the other is an account that was paid as agreed with a zero balance and shows (1) 30 day late and this is 4 yrs old. I just got a credit alert online (I've received nothing at all from Zales) showing a negative mark on my credit report which says that there is a negative account showing on my report so I pulled my own report and it shows that Zales inquired on my account and closed it. I've only had this $400 limit account since 2005, and used it just to buy my daughter a class ring and a necklace for her birthday, but it's been paid off for over a year and I haven't used it since....never ever made a late payment on it....and now it's closed? Doesn't hurt my feelings as I didn't plan on using it again, but they closed it and it brought my score down 10 points, plus it says closed by grantor....is this going to hurt my chances of getting further credit elsewhere????

Money funded, and we got the keys today!!! Thank you to everyone here who answered my million questions....you really helped me through this stressful time. I'll post pics this weekend, but I have to finish packing!

Ahhhh I don't know how I'm going to sleep tonight...they said that the money should fund by tomorrow and we'll have our keys tomorrow....I just hope it goes through and doesn't take until Monday!!! I'm not even packed!!! I have a few boxes packed but probably a week worth of packing to still do....I bet I can pack it in 2 days LOL!!!! I hope that tomorrow is my day!!!!!

Thank you everyone! Well we found out that the builder agreed to lower the cost to what the appraiser concluded the house was worth...from a loan of $295k to $272k....I'm ok with that The only thing we're waiting on now is the title company to re-do the paperwork so that we can re-sign, then wait for the funds to be released...hopefully Friday, but if not maybe Monday (as long as they get the paperwork to us by tomorrow!)... I'll let everyone know when I get the keys!!!

I realize that this is a duplicate post, so sorry - I wanted to post it here too! Well we went in today and signed our final loan docs...or what we thought were the final loan docs. We had just finished our walk through at the house when the lender called and said that she had good news and bad news. The good news (for now at least) is that the house (new construction) appraised at less than the original price so the builder has to lower the selling price of the house, which I guess is good for us if the market ever comes back up. The bad news is we have to go back in tomorrow and re-sign everything and it will delay closing a day or two....

Well we went in today and signed our final loan docs...or what we thought were the final loan docs. We had just finished our walk through at the house when the lender called and said that she had good news and bad news. The good news (for now at least) is that the house (new construction) appraised at less than the original price so the builder has to lower the selling price of the house, which I guess is good for us if the market ever comes back up. The bad news is we have to go back in tomorrow and re-sign everything and it will delay closing a day or two.... Oh well, just my luck!

Good morning everyone! I'm doing my walk through today and was wondering if anyone knew of a place to find a check off list for new home inspections....it's new construction. Any help would be appreciated!

Here's a picture so far:

Ok everyone, I am signing my loan docs on Monday...unfortunately they don't have the HUD-1 yet since we weren't supposed to close until the 30th, however we have our initial walk through this Monday on the 21st and we asked if we could have our loan docs ready just in case everything looked ok. The gal at the title company said she'd have the HUD-1 by Monday morning. We sign loan docs at 11am so hopefully there aren't any surprises...we're SUPPOSED to get some of our earnest money back according to the GFE so let's hope it stays that way lol....So if we sign the loan docs, do the inspection and everything looks good, we should be good to close as soon as the money funds....right? I'm nervous, I'm waiting on something bad to happen....I'm trying to be positive...but up to this point it's been smooth sailing...nothing to worry me at all, so I don't know why I'm so nervous. Could be that I'm 42 and finally owning my first home after so many years of wanting this bad...was in a bad 1st marriage that put me in debt for a long long time and I've finally crawled out of that hole, got myself a wonderful career and things are moving in the right direction.... I'm going to drive my hubby absolutely nuts over the weekend I'm sure LOL Please pray that things continue to go as smoothly as they have over the last 6 months!!!

Everything on the application matches up....my credit score has even went from 597 to 637 since the initial application....my hubby keeps telling me not to worry...but I'm a woman! LOL They said our loan docs should be ready during our first inspection on Monday, and they asked for the homeowners insurance to be effective as of 7/22...however we can't get the keys until the money has funded, which could be up to the 30th....maybe sooner...not sure why they'd have the insurance go into effect any sooner than we get the keys.... I'm going to need a bottle of wine by the time this thing is over lol Thanks so much for your responses Brian!

Ahhh so just because the loan processor told us things looked fine and gave us the pre-approval, does not mean that the underwriter will do a final approval? What kinds of things would they find that may delay or stop the closing from going through? We haven't made any changes to our credit, haven't applied for anything, however we've continued to use our credit cards, but haven't utilized any more than what they were at limit wise when we received the pre approval...no change to job, although my hubby's income has increased $10k a year....it's new construction so I don't see an issue with inspection...what else could go wrong? I know I need to be positive, but this is killing me LOL

FHA does not pull credit since FHA does not lend money. The credit is pulled by the lender/broker and yes, all three bureaus are pulled during the automated approval/underwriting process. fla-tan Good lord...how many times does the lender pull? They pulled mine in February when we started the pre-approval, they pulled last month when we locked our interest rate, and they pulled again today as the underwriter is doing the final loan review....isn't this going to lower my score??

My 401k loan wasn't reported to the credit bureaus - it's not listed as another trade line anywhere....