Understanding FICO® Scoring

[positronicshell]

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

[haulingthescoreup]

---

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!

[Timothy]

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!

---

[haulingthescoreup]

---

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!

[haulingthescoreup]

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.

[Timothy]

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!

---

[haulingthescoreup]

I'm not worried. TU's pokiness just cost me 30-some-odd points by updating Disc late, though.

[MidnightVoice]

Well, EX has completed their investigation and it is still "revolving" not "installment".

Ah well, it cost nothing to try

[rubaty]

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.

[haulingthescoreup]

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.