How do unused LOC report to CRA's

[MidnightJester]

IF you were to pick up a LOC from a CU say for 10k but dont use it right away, how does it report?? Does it report like you have 10K in New Debt without even usuing it (altering your Utilization)?? does it report like a Revolver with a 10K Limit and 0 balance??

What happens as you use the LOC?? Say I used 4K of the 10K. How would that be reported?

This is a LOC with NFCU by the way if it matters. Thanks

[Creditaddict]

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@MidnightJester wrote:

IF you were to pick up a LOC from a CU say for 10k but dont use it right away, how does it report?? Does it report like you have 10K in New Debt without even usuing it (altering your Utilization)?? does it report like a Revolver with a 10K Limit and 0 balance??

This is a LOC with NFCU by the way if it matters. Thanks

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reports as a $10k line of credit that you are not using! HELPING UTIL.

[user5387]

Usually reports similar to a CC, occasionally like an installment loan.