Reply
New Contributor
positronicshell
Posts: 74
Registered: ‎10-24-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving

on my FICO reports EX is the only report that lists my HELOC under revolving.
i am sure it is costing me a ton of points too.

please keep us posted on how your dispute pans out!

xoxox jane
hey, careful man! there's a beverage here!
My FICO: TU - 725 EX - 682 EQ - 736 09/07/07 - My FICO after 2 new CC: TU - 673 EX - 654 EQ -713 12/07/07 :smileysad: - DH's FICO: TU- 721 EX - 733 EQ - 730 12/10/07 :smileyhappy:
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving



positronicshell wrote:
on my FICO reports EX is the only report that lists my HELOC under revolving.
i am sure it is costing me a ton of points too.

please keep us posted on how your dispute pans out!

xoxox jane

What's the CL on your HELOC? It seems like somewhere in between $25K and $40-50K, it flips over to installment. That's how it works on others' scores, anyway. I finally got a serious balance on mine last month ($13K out of $50K), and the statement just dropped, so once the 3 reports post, I'm pulling scores (again!) to see if they changed. Inquiring minds want to know!
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving

I am betting on zero change-

haulingthescoreup wrote:


positronicshell wrote:
on my FICO reports EX is the only report that lists my HELOC under revolving.
i am sure it is costing me a ton of points too.

please keep us posted on how your dispute pans out!

xoxox jane

What's the CL on your HELOC? It seems like somewhere in between $25K and $40-50K, it flips over to installment. That's how it works on others' scores, anyway. I finally got a serious balance on mine last month ($13K out of $50K), and the statement just dropped, so once the 3 reports post, I'm pulling scores (again!) to see if they changed. Inquiring minds want to know!



Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving


Timothy wrote:
I am betting on zero change-


Too chicken to bet --I don't want to jinx it --but this is what I'm hoping, since that's what happened with you.

You do realize that if they drop my score, they'll have to drop yours! :smileytongue:
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving

Just pulled TC, and the increased balance has hit EX and EQ, but not TU (TU has been a mess lately!) Too early to pull the real scores, but the FAKO EX did drop 10 points, so it will be interesting to see the FICO's, if TU will ever stagger up to the plate. I still think --er, hope --no change.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving

I will even bet that.
I would not worry- TU has been slower than EQ latley.

haulingthescoreup wrote:

Timothy wrote:
I am betting on zero change-


Too chicken to bet --I don't want to jinx it --but this is what I'm hoping, since that's what happened with you.

You do realize that if they drop my score, they'll have to drop yours! :smileytongue:


Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving

I'm not worried. TU's pokiness just cost me 30-some-odd points by updating Disc late, though. :smileymad:
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving

Well, EX has completed their investigation and it is still "revolving" not "installment".
 
Ah well, it cost nothing to try
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Frequent Contributor
rubaty
Posts: 380
Registered: ‎11-18-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving

Just looked at an old HELOC for $35K that I had with HFC and TU was the only one to show it as an installment, EX & EQ showed it as revolving.

Current Score: EX 718 EQ 689 TU 757 23 Jun 13
Goal Score: 760 across the board by Jul 14


Take the FICO Fitness Challenge
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: I now understannd why EX hates me thanks to Credit Secure - Heloc is revolving

What's really annoying is that the various bureaus name it all sorts of things, but so far, it has been treated for scoring purposes as installment/ mortgage. I nearly went cross-eyed trying to untangle who was calling it revolving, who called it unknown type, and on and on (plus TU including it in my revolving balance on screen 4), but the lower balance never changed my scores.
 
I found that you can't go by what they name it --you just have to see its effect on your scores, as did MV.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+