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Revolving Credit vs CC

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Anonymous
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Revolving Credit vs CC

How is revolving credit scored compared to CCs. I have revolving credit that is maxed out and one of my equity lines now looks like a CC because they changed the format for the equity line. How is this effecting my credit score and what can I do about minimizing it's negative impact?
 
Thanks for the help folks!
Maurice
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1 REPLY 1
Anonymous
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Re: Revolving Credit vs CC

basicly revolving is scored as a cc account. the maxed out revolving account is hurting you, unless it's a mega cl on the order of 50k and fico dumps those into a "this must be a line of credit secured by a home" category, and some have reported indviduaol cra's score these as revolving accounts too.
Message 2 of 2
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