Don't know if yours is a HELOC (backed up by your home equity) or just a line of credit, but the way they title mine doesn't match how they treat it.
EQ calls my HELOC's credit type revolving, but they include it with mortgage expense on screen 4 and on the simulator, not revolving. They posted $50K as my largest past balance, even though I've only drawn $3K plus the initial mortgage tax. EX calls the account type credit line secured/ revolving and the credit type revolving, and they include it as revolving.
TU is especially screwy. Under account type, they call it a home equity loan and under credit type, they call it overdraft/ reserve checking account. They treat it two different ways on the TU FICO score report. When I look at screen 4, I can see that the $3,060 balance due on it is included in my mortgage balances, not in my revolving:
Your revolving accounts [?] $829
Your mortgages [?] $93,873
Your installment loans [?] $2,044
But when I go over to the simulator and look at the "pay down balances on credit cards" option, they've included the balance due there:
You currently have a combined Revolving/Open Account balance of $3,889.
So they're playing it both ways. This means my scores will be even more wacko when I start really using it for home improvement. EQ won't be particularly bothered, EX will act like I've maxed out a card, and who know what TU will do?
* 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