Reply
Moderator Emeritus
fused
Posts: 16,378
Registered: ‎03-12-2007
0

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

That's it, I'm going to do a hula dance on the luv button right now!!!!!!
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

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



fused wrote:
That's it, I'm going to do a hula dance on the luv button right now!!!!!!


Sleigh Center for you, my man!  :smileyvery-happy:
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
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


fused wrote:
That's it, I'm going to do a hula dance on the luv button right now!!!!!!


What, finally going for an F/R, are we? :smileysurprised:
* 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
fused
Posts: 16,378
Registered: ‎03-12-2007
0

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

No! I'm just demanding what I feel I'm entitled to without hurting my scores. Amex just told that they will no longer grant CLs > 25K w/o income verification. 100K is their max CL. As far as I'm concerned you can never have to much available credit so long as you manage it well. I'm just following Brammy's siggy that's all.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

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



MidnightVoice wrote:

It also said it was happy with all my high CLs.  But I am talking FICO here, not FAKO.  My EX FICO is almost 100 points lower than my EQ and TU FICOs - and there are now two reasons, and I still think they are worth 50 points each 


Well, the Collection dropped off and I went up 49 points on EX.  So presumably most of the rest is due to the HELOC and high util because of the HELOC.  But the new AMEX Blue should drive that down a little, plus some extra money paying down the HELOC in January
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
Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007
0

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

Can you ask EX or the Bank to recode the HELOC?
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

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



concorduser wrote:
Can you ask EX or the Bank to recode the HELOC?



I don't know.  Any help from the experts?

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
Moderator Emeritus
fused
Posts: 16,378
Registered: ‎03-12-2007
0

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



MidnightVoice wrote:


concorduser wrote:
Can you ask EX or the Bank to recode the HELOC?



I don't know.  Any help from the experts?



Sure you can ask, but they don't have to.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
0

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

I looked a little deeper with my HELOC on my FICO reports-
Even though they all show the balance in Revolving- FICO is classifing them in the reports

TU-Mortgage on the report Account type: Home Equity Loan
Credit Type:Revolving Account

EQ-Mortgage on the report Credit Type Revolving, comments:
* Home equity
* Line of credit

EX-LOC on the report Account type: Credit Line Secured, Revolving Credit Type: Revolving
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

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



Timothy wrote:
I looked a little deeper with my HELOC on my FICO reports-
Even though they all show the balance in Revolving- FICO is classifing them in the reports

TU-Mortgage on the report Account type: Home Equity Loan
Credit Type:Revolving Account

EQ-Mortgage on the report Credit Type Revolving, comments:
* Home equity
* Line of credit

EX-LOC on the report Account type: Credit Line Secured, Revolving Credit Type: Revolving


That is pretty much like mine.

but the Amex Creditsecure lists the total balance of revolving accounts, and heloc is in that balance for EX and not the others. So for EX, it is part of my util
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

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+
}