Established Member
Posts: 38
Registered: ‎09-14-2012
Re: Defaulted HELOC, only negative on report

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.

FICO 715 FAKO 739
Chase Freedom 14,500
Chase Slate 6,700
US Bank 14,500
Discover 15,000