LOC or auto note?

[Anonymous]

Which is best to have a LOC or Auto Note, could get a loc a lot cheaper interest rate?? Which is best?  tks Vicki

[Anonymous]

depends on your overall goal? save money, keep util low, raise fico's etc. if it's just about cash, then sounds like the heloc is better.

Message Edited by dnm45227 on 12-21-2007 07:30 PM

[MidnightVoice]

My Heloc is a better rate than normal auto loans, but some dealer specials are better (even for used cars)

Also, EX counts my Heloc as a CC, which really screws with my util. TU and EQ know what it is

[Anonymous]

Its actually just a personal line of credit for 30,000.00 to pay off my hubbys F-350.  Tks Vicki

Message Edited by greyhound2007 on 12-21-2007 04:39 PM