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What is considered "revolving credit"?

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Anonymous
Not applicable

What is considered "revolving credit"?

I have a mortgage and a home equity line of credit.  On one of the credit reports, my HELOC is considered revolving credit therefore my credit score is much lower.  On the others, it is not and my score is higher.  Is this a reporting problem?  Can it be resolved?
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Tuscani
Moderator Emeritus

Re: What is considered "revolving credit"?

HELOCs are normally reported as revolving. Other revolving accounts would be credit cards and charge cards. I would ask the lender to report your HELOC as an installment account for all three CRAs.  


Message Edited by Tuscani on 06-30-2007 07:46 PM
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Anonymous
Not applicable

Re: What is considered "revolving credit"?

I had a past due utility bill with National Grid and Equifax considered that "revolving" too.
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