Using Credit Cards To Finance Down Payments

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How do you use credit cards to finance down payments without killing your FICO score?

Comments(0)

  • Neill71st June, 2004
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    Pay the payment on time and your FICO will go UP!

  • crunch1st June, 2004
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    What I mean is every time you borrow more then 50% of your available credit, your FICO score is slammed hard. Any way round this???

  • myfrogger1st June, 2004
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    No way around this....I wouldn't advise borrowing the down payment on credit cards to finance a long term investment.

    Credit cards are a great tool to use for rehab money or uhaul money on a sub2

  • cjmazur1st June, 2004
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    hypothetically, the advance could be taken after the mortgage credit report, but before COE...
    nudge nudge....

    30 day lag on posts to credit reports.

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