General Credit Topics

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sjf0sauf09u109
Posts: 16
Registered: ‎10-12-2012

personal line of credit

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‎10-22-2012 09:31 AM

About the personal line of credit.
Is it considered a different type of credit from revolving?
Thank you for your help!

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llecs
Posts: 31,510
Registered: ‎08-04-2007

Re: personal line of credit

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‎10-22-2012 11:02 AM

Depends on the limit. LOCs (and HELOCs) are scored as a revolving credit up to a certain limit which seems to vary across all 3 FICOs. Generally that limit is $20k+. Beyond that set limit, it is then scored as an installment.

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sjf0sauf09u109
Posts: 16
Registered: ‎10-12-2012

Re: personal line of credit

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‎10-29-2012 07:36 AM

thank you for your response!

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