How does Navy CLOC report?

[lhcole77]

Does this report as a loan or a revolving line?

And does it only report if used?

[baller4life]

Revolving line

[lhcole77]

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@baller4life wrote:
Revolving line

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Thanks, baller. Do you know if if has to have a balance in order to report?

[baller4life]

Nope. It reports faithfully every month balance or not.

[lhcole77]

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@baller4life wrote:
Nope. It reports faithfully every month balance or not.

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Sweet! 

[RonM21]

That is nice, especially when it's reporting positive info. To have that month in and out can be a good thing.

[pizza1]

Its reports as a Line of Credit/Revolving...and no, you don't have to use it as said...its reports to all 3 CRA

[Anonymous]

Does it count against Chase's 5/24 policy?

[Saleen099]

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@Anonymous wrote:

Does it count against Chase's 5/24 policy?

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  Yes it counts. 

[Vegas4Play]

Does it count in the chase 5/24 because of the word revolving???