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Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
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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
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
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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  :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
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ByrdMan
Posts: 7,975
Registered: ‎12-19-2007
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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?
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Do what is true in spite of the consequences--your future is only as true as you are.
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imducky
Posts: 3,432
Registered: ‎08-27-2007
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Re: I know understannd why EX hates me thanks to Credit Secure - Heloc is revolving

30 million heloc, wow!
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ByrdMan
Posts: 7,975
Registered: ‎12-19-2007
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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.
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Do what is true in spite of the consequences--your future is only as true as you are.
Senior Contributor
imducky
Posts: 3,432
Registered: ‎08-27-2007
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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
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ByrdMan
Posts: 7,975
Registered: ‎12-19-2007
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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.
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Do what is true in spite of the consequences--your future is only as true as you are.
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haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
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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! :smileyvery-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
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
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Re: I know understannd why EX hates me thanks to Credit Secure - Heloc is revolving

Scientists as well  :smileyhappy:
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
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jaybee
Posts: 1,088
Registered: ‎03-18-2007
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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!!

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