Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
Re: Credit Card debt AND Line of Credit debt...Will my score ever improve?
[ Edited ]

I would not assume that is correct.


The Plus score is way off with your HELOC. "Real" credit scores are likely to use that HELOC very differently in their algorithm.


The big variable is how "Real" credit scores will handle the 90% util on actual Revolving accounts.


You won't know where you are until you get a score that is the same or similar to the one your lender will use. What is the application?


I can tell you that FICO scores will be heavily affected by reducing your actual Revolving credit. I'm not sure about the non-FICO scores that may be used by some lenders like New Account Model versions, etc. A big loan will almost certainly use some FICO algorithm.