Flexible spending account

[mingfengysh]

     Does anyone know how Flexible spending account reports on TU, EQ, EX? Do they exclude flexible spending account from utilization, or using highest past balance to calculates utilization?

   As I know that open account on EQ and TU 04 (revolving term, 1 month on EX)  does not count into utilization,and not use highest past balance either.  Is Flexible spending account same as "Open" ?

Message Edited by mingfengysh on 04-30-2009 01:36 AM

[llecs]

FSAs don't report to the CRAs, or rather, the ones I have used.

[RobertEG]

I am not quite sure what you are referring to as a "flexible spending account."

Is it a HELOC or an approved line of credit with Credit Union that you draw against the approved credit limit?

I have an approved "loan" with my Credit Union for $3,000 that has fixed monthly payments, but what I draw against the max approved amount is at my total discrection.  They report this as a revolving line of credit to the CRAs.

It counts in my revolving %util.

Message Edited by RobertEG on 04-30-2009 10:58 PM

[mingfengysh]

It's BOA visa signature card, it report as flexing spending(no limit).