Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
Re: PAYING OFF A CC WITH MY HELOC

rew wrote:

Thanks for responding haulingthescoreup. My credit line is for 50,000.  I totally agree with you that it isn't a good habit of transferring cc debt to HELOC debt.  I am trying to bump my scores up to get a better rate to refi my 1st mortgage and I thought this would help.  I am paying my other cc debt down as well which will also help. I appreciate your advice.



Sounds like a good solution, then.

Be sure to leave one card reporting a balance of $10 - 20. Don't let them all report $0, or you'll lose points. Strange, but true.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007