Line of credit report as revolving or installment?

Anonymous · ‎12-09-2008

Do LOC report as revolving or installment? Any details on this would be appreciated.

llecs · ‎12-09-2008

Mostly is coded as revolving. There is a limit at which one or more of the FICO scores will read it as installment if passed. Seems like it was $50k, but can't remember.

Anonymous · ‎12-09-2008

My $500 line reports as revolving.

Lel · ‎12-09-2008

@llecs wrote:
Mostly is coded as revolving. There is a limit at which one or more of the FICO scores will read it as installment if passed. Seems like it was $50k, but can't remember.

That's the threshold that is most commonly cited, though I don't think it's actually set in stone anywhere. And this rule of thumb applies specifically to home equity lines of credit. Personal lines of credit are always reported as revolving, I believe.