Member
Posts: 8
Registered: ‎03-19-2011
Second Mortgage is "Non Mortgage Debt"?

I finally figured out why I have a ceiling on my credit score.

 

I was looking at my FICO Quarterly Monitoring report and saw an entry "Total amount you owe on all non-mortgage accounts".

 

The number was HUGE.  Twenty times my revolving debt.  What the heck?  Then it dawned on me.  The only way they could come up with such a large number was to include our second mortgage (HELOC).  Every penny from that account went to home improvements (and we are not even close to "under water" in home debt)

 

Is this possible? Is a HELOC (second mortgage) classified as "non-mortgage" debt?

 


Starting Score: EQ 768 TU 729
Current Score: EQ 768 TU 723
Goal Score: ALL ABOVE 800


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