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Did i sell myself short?

Established Contributor

Re: Did i sell myself short?

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

TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCE $13K | Amex Costco TE $10.4K | Amex SPG $5K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Citi Diamond Pref $7.6K | Discover IT $9.9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU CashRew Visa Sig $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $11.3K | USAA World MC $11.5K
Valued Contributor

Re: Did i sell myself short?

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

               LIMITS IN CARD DESCRIPTIONS
Moderator

Re: Did i sell myself short?


Crashem wrote:

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


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.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Moderator Emeritus

Re: Did i sell myself short?


Revelate wrote:

Crashem wrote:

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


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.


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

Valued Contributor

Re: Did i sell myself short?

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.

               LIMITS IN CARD DESCRIPTIONS
Valued Contributor

Re: Did i sell myself short?

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

               LIMITS IN CARD DESCRIPTIONS