Re: Defaulted HELOC, only negative on report
09-14-2012 10:04 PM
Well, 100 point drop to 550 would totally suck. Right now, my credit limits on cards are $16,500 $14,500 $6,700 for my major Visa and MasterCard. Discover dropped me from $9,000 to $3,500. The cards mentioned earlier used to have $30k credit limits. Everytime they cut my credit line, my score goes down.
I would like to buy a home again sometime. I guess I'll have to wait a few years, now.