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Jeanne Kelly: The Cost of One Recent Late Payment
11 hours ago ago from Huffington Post
A recently divorced friend of mine, and now single mother of three, has been very excited to close on a new home. With a spotless payment history, a good income and a sizeable down payment, her dream was nearing reality. But when the bank went to re-pull her credit just before the closing, her middle credit score had dropped down to 675. With that number, she could no longer qualify for the same low interest rate. And to make matters even ...
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