Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007

Re: Line of Credit--don't know where to post

thrasher865 wrote:

cheddar wrote:
A revolving LOC does count in utilization.
I agree that you should keep it open as long as it doesn't cost you anything.  (I've never heard of a LOC with an AF.)

Huh, I thought most unsecured LOCs had annual fees.  I don't have any experience with them, I was just under that impression.

I have a LOC from NFCU for $10,000 with 11.9 percent interest and there is no AF.
Here we go again...

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