Established Contributor
Posts: 665
Registered: ‎08-02-2011
Re: Did i sell myself short?

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

TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCE $13K | Amex Costco TE $10.4K | Amex SPG $5K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Citi Diamond Pref $7.6K | Discover IT $9.9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU CashRew Visa Sig $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $11.3K | USAA World MC $11.5K
Valued Contributor
Posts: 3,096
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 Emeritus
Posts: 14,654
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 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 693, EQ 8 714, TU 8 710, EX 8 724 (05/27/16)
Goal Score: 700 on EQ 04 (01/01/17)


Take the myFICO Fitness Challenge
Moderator
Posts: 17,419
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
Posts: 3,096
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
Posts: 3,096
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