Driving design quality

$9 Can of Paint Threatens Buyer’s Dream of Homeownership

A woman’s credit score dropped 100 points soon after she opened a Property Depot cost to acquire a $9 can of paint. She designed a TikTok video to alert other potential buyers.

NEW YORK – Aspiring homebuyer Cassidy Gard figured out a rough lesson on creating any fiscal moves on your way to obtaining a dwelling. Gard posted a online video on TikTok, which has considering that long gone viral, that shares the emotional story of a little transfer that produced a significant difference: She opened a House Depot credit card to get a $9 can of paint.

Nevertheless, that $9 purchase on a newly opened credit card has now jeopardized her capability to qualify for a mortgage. As she explains in the online video, her credit rating plummeted much more than 100 points soon after she opened the account back again in Could – a card she forgot she even experienced.

“For a $9 can of paint, I am now likely not going to get a mortgage loan on a property,” Gard suggests on the video in tears. “This is the dumbest point I’ve ever performed.”

The video clip is a reminder to prospective homebuyers to enjoy their expenditures – of any amount – when trying to purchase a home.

Supply: “Woman’s Dream of Shopping for a Property Crushed Right after Opening Dwelling Depot Card,” Lighter Facet of Serious Estate (Oct 2021) and “‘Dumbest Thing I have Done’: TikToker Posts PSA Immediately after Opening Dwelling Depot Card Blocked Her From Shopping for Household,” The Independent (Oct. 1, 2021)

© Copyright 2021 Data INC., Bethesda, MD (301) 215-4688