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Member
sjf0sauf09u109
Posts: 16
Registered: ‎10-12-2012
0

personal line of credit

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

Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: personal line of credit

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.

Member
sjf0sauf09u109
Posts: 16
Registered: ‎10-12-2012
0

Re: personal line of credit

thank you for your response!


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