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Established Contributor
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Registered: ‎08-02-2011
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Re: Did i sell myself short?

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

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Valued Contributor
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Registered: ‎01-26-2012
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Re: Did i sell myself short?

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

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Registered: ‎12-30-2011
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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.

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Registered: ‎07-14-2009
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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
Posts: 3,096
Registered: ‎01-26-2012
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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.

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Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
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Re: Did i sell myself short?

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

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