Established Contributor
searchingfor67
Posts: 668
Registered: ‎08-02-2011
Re: Did i sell myself short?

And NFCU LOCs report as a revolving account....

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Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
Re: Did i sell myself short?

Pretty much all loc report as revolving.  That is what makes jloc unique.

               LIMITS IN CARD DESCRIPTIONS
Moderator
Revelate
Posts: 9,025
Registered: ‎12-30-2011
Re: Did i sell myself short?

Crashem wrote:

Pretty much all loc report as revolving.  That is what makes jloc unique.


I thought LOC's had a boundary around 30-35K where they report as installment rather than revolving?  I recall illecs posting on that a while back explicitly, though I might be confusing the details with regards to balance vs. limit.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
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Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009
Re: Did i sell myself short?

Revelate wrote:

Crashem wrote:

Pretty much all loc report as revolving.  That is what makes jloc unique.


I thought LOC's had a boundary around 30-35K where they report as installment rather than revolving?  I recall illecs posting on that a while back explicitly, though I might be confusing the details with regards to balance vs. limit.


That's correct although the exact limits seem to fluctuate and not be exact.

Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
Re: Did i sell myself short?

I thought it doesn't so much report as installment when it surpasses the boundary.  It still reports as revolving, but I thought fico ignores it in revolving util calculations.  Basically was designed to compensate for helocs which were really messing with people's utilization.

               LIMITS IN CARD DESCRIPTIONS
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
Re: Did i sell myself short?

Btw my jloc reports as installment no matter what the limit.

               LIMITS IN CARD DESCRIPTIONS