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NCFU LOC, looked at as a credit card, or loan?

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TatorTodd
Regular Contributor
‎04-30-2014 09:23 AM
‎04-30-2014 09:23 AM

NCFU LOC, looked at as a credit card, or loan?

Do other lenders view this as a loan, or credit card like line of credit?

 

I ask this because I am wondering if having the LOC helps my "variety" of credit I have (credit card/car loan/home loan)

 

Thanks guys

NCFU Flagship(80k) DC Elite (40k) Cash Sapphire Preferred(38k) DC Premier (30k) NFCU CashRewards (25k) USAA Amex (22k) USAA MasterCard (16k) Barclay Arrival+ Elite (15k) Nordstrom (15k) BofA Rewards (12.5k) 4 Amices (50k)

As of 10/13/14
Experian: 787 - EquiFax: 798 - TU: 789
Message 1 of 3
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Genkeim
Frequent Contributor
‎04-30-2014 09:34 AM
‎04-30-2014 09:34 AM

Re: NCFU LOC, looked at as a credit card, or loan?

Pretty sure it's treated as a revolving credit account (credit card). It reports as a Line of Credit on my reports.

NFCU NavCheck $15k | NFCU cashRewards $12.5k | NFCU goRewards $12.5k |AMEX SPG $10k | Citi AA WEMC $6.5k | CSP $5k | Wal-Mart MC $4.5k | US Air WMC $3.9k | Amex Everyday $2k | Amex BCE $2k | Chase Freedom $1k | Discover IT $800
Current Scores:Equifax 697 (myFICO 4/14), TransUnion 699 (Discover 5/14), Experian 754 (Amex 5/14)
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pizzadude
Credit Mentor
‎04-30-2014 09:47 AM
‎04-30-2014 09:47 AM

Re: NCFU LOC, looked at as a credit card, or loan?

NavChek is a revolving tradeline, and will be factored into your revolving utilization. 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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