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

Super Contributor

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?


Well, I guess the CU has it right, so I could write to EX.  I might try that in the new year!
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
Message 31 of 56
Super Contributor

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

I used the AA from my insurance to get a free EX report, and disputed the HELOC as "not revolving".
 
Will report back in 45 days  Smiley Very 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
Message 32 of 56
Moderator Emeritus

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

FWIW, I had a HELOC on my old property and here is how they reported it according to MyFICO.

TU
Mortgage Account Acct. Type--Home Equity Loan Credit Type--Mortgage Acct
EQ
Credit Acct. Credit Type--Installment
EX
Line of Credit Acct. Type--Credit line secured revolving Credit Type--Revolving

The line limit was $30M, and EQ still reported it as installment, so maybe >$25M does the trick. This account has been closed for a few years, it can't be affecting my score now can it?
___________________________________________________________________
Do what is true in spite of the consequences--your future is only as true as you are.
Message 33 of 56
Senior Contributor

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

30 million heloc, wow!
Message 34 of 56
Moderator Emeritus

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



dnm45227 wrote:
30 million heloc, wow!



Sorry, I am Commercial Lender. In my world M = thousand. MM would be million. Roman Numeral system. I have to get used to using K for thou in these threads.
___________________________________________________________________
Do what is true in spite of the consequences--your future is only as true as you are.
Message 35 of 56
Senior Contributor

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



ByrdMan wrote:


dnm45227 wrote:
30 million heloc, wow!



Sorry, I am Commercial Lender. In my world M = thousand. MM would be million. Roman Numeral system. I have to get used to using K for thou in these threads.

just giving you a hard time. lol
Message 36 of 56
Moderator Emeritus

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

just giving you a hard time. lol

Thanks for waking me up. I was starting to fall asleep at the keyboard. I'm awake now.
___________________________________________________________________
Do what is true in spite of the consequences--your future is only as true as you are.
Message 37 of 56
Moderator Emerita

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


ByrdMan wrote:
Thanks for waking me up. I was starting to fall asleep at the keyboard. I'm awake now.


Hey, any time I read a post that says that someone had a $30 million HELOC, it snaps my eyes wide open! Smiley Very Happy

Actually, I'm glad that you posted that you're a commercial lender, and that your field uses Roman numerals instead of metric. Other people have used M for thousand in their posts, and I always wondered what the source of that was.
* 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
Message 38 of 56
Super Contributor

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

Scientists as well  Smiley 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
Message 39 of 56
Valued Contributor

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

I'm glad you figured that out Midnight. Now if I can only figure out why they hate me?
If at first you don't succeed... hang up and try again!!
Message 40 of 56