I have been trying to figure out how Experian classifies HELOC's. Based on my calculations, and their summary, it looks like they are considering it as a Revolving debt (bank and retail cards.
I have been trying to figure out how Experian classifies HELOC's. Based on my calculations, and their summary, it looks like they are considering it as a Revolving debt (bank and retail cards.
Is this normal?
HELOC's are usually reported as revolving accounts and in your case, it will factor in your utilization% calculations along with your CCs.
