I helped a borrower purchase a new construction home which took several months from time of application to closing.  Just weeks before closing the borrowers credit was pulled again as per underwriting requirements.  The score dropped so low the borrower no longer qualified for the loan!!!  This was due to a credit card that was opened, and when the terms of the card were disclosed my client decided not to accept the card.  He never gave another thought to the new account, and found out through a new credit report that the credit card company charged a fee of $39, and never sent the bill because the card was cancelled as soon as it was sent out.  There was a rolling 30 day late, for 3 months, that the borrower never knew about because he never got a bill!!  This story ends well, because the new account and all the late payments that go with it were removed.  Within ONE WEEK the score was back up and I was able to close the loan for my client.

I am a true believer in credit repair, since I have seen so many of my clients benefit from it.