HELOC

[Anonymous]

How do HELOC balances affect credit scores?  Are they carried as revolving debt?

[Tuscani]

Welcome.. Please read the Scoring 101 thread.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

Yes, most HELOCs are revolving.

[Anonymous]

They are carried as a revolving debt because it's just like a credit card. You can pay down the balance and when you neen cash you can pull it out.

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=17531

---

jessie212 wrote:

How do HELOC balances affect credit scores?  Are they carried as revolving debt?

---