Credit Cards

[searchingfor67]

And NFCU LOCs report as a revolving account....

[Crashem]

Pretty much all loc report as revolving.  That is what makes jloc unique.

[Revelate]

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Crashem wrote:

Pretty much all loc report as revolving.  That is what makes jloc unique.

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I thought LOC's had a boundary around 30-35K where they report as installment rather than revolving?  I recall illecs posting on that a while back explicitly, though I might be confusing the details with regards to balance vs. limit.

[MarineVietVet]

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Revelate wrote:

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Crashem wrote:

Pretty much all loc report as revolving.  That is what makes jloc unique.

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I thought LOC's had a boundary around 30-35K where they report as installment rather than revolving?  I recall illecs posting on that a while back explicitly, though I might be confusing the details with regards to balance vs. limit.

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That's correct although the exact limits seem to fluctuate and not be exact.

[Crashem]

I thought it doesn't so much report as installment when it surpasses the boundary.  It still reports as revolving, but I thought fico ignores it in revolving util calculations.  Basically was designed to compensate for helocs which were really messing with people's utilization.

[Crashem]

Btw my jloc reports as installment no matter what the limit.