News & Media
hand painting house with paintbrush
ogiana / Getty Images

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

A woman’s credit score dropped 100 points after she opened a Home Depot charge to purchase a $9 can of paint. She made a TikTok video to warn other buyers.

NEW YORK – Aspiring homebuyer Cassidy Gard learned a tough lesson on making any financial moves on your way to buying a house. Gard posted a video on TikTok, which has since gone viral, that shares the emotional story of a small move that made a big difference: She opened a Home Depot credit card to buy a $9 can of paint.

However, that $9 purchase on a newly opened credit card has now jeopardized her ability to qualify for a mortgage. As she explains in the video, her credit plummeted more than 100 points after she opened the account back in May – a card she forgot she even had.

“For a $9 can of paint, I am now probably not going to get a mortgage on a house,” Gard says on the video in tears. “This is the dumbest thing I’ve ever done.”

The video is a reminder to potential homebuyers to watch their expenditures – of any amount – when trying to purchase a home.

Source: “Woman’s Dream of Buying a Home Crushed After Opening Home Depot Card,” Lighter Side of Real Estate (October 2021) and “‘Dumbest Thing I’ve Done’: TikToker Posts PSA After Opening Home Depot Card Blocked Her From Buying Home,” The Independent (Oct. 1, 2021)

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