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Contributor
gstq34
Posts: 116
Registered: ‎06-08-2013

HELOC ratio reports as.....

[ Edited ]

If I get a HELOC of say 30k and it's maxed out does:

 

1) it show like a maxed out CC?

2) factor into util ratios like a CC?

 

Thanks all



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Contributor
gstq34
Posts: 116
Registered: ‎06-08-2013

Re: HELOC ratio reports as.....

bump



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09Lexie
Posts: 24,441
Registered: ‎09-13-2012

Re: HELOC ratio reports as.....

It would depend if it reports as an installment account. If it does then it would count similar to a car loan.

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