New to PLOCs, do they usually report to bureaus?

[Anonymous]

---

@Anonymous wrote:
It's WSECU I'm Washington state

---

Homey!

[Revelate]

The 5 and change % is lower than their advertised rate.

This isn't adding up as a PLOC to Irish's point.  On the flipside if it's a personal loan paying it down to call it 5% doesn't exactly suck for FICO purposes either, but look on the credit report directly and see what it's being reported as: revolving, installment, or even other.

[Anonymous]

---

@Anonymous wrote:

Are you positive thatt his was a personal line of credit and not a personal loan?

---

This statement seems to indicate it's a LOC:

I took out 90% of it and payed down my other debt to the same bank.

I don't think you can take out part of a loan.

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:
It's WSECU I'm Washington state

---

Homey!

---

LOL

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

Are you positive thatt his was a personal line of credit and not a personal loan?

---

This statement seems to indicate it's a LOC:

I took out 90% of it and payed down my other debt to the same bank.

I don't think you can take out part of a loan.

---

Unless they offered her as an example a preapproved personal loan for $5K and she took a loan for $4500 instead.  I just have a hard seeing a PLOC with a 5.24% rate though I guess anything is possible.

[Anonymous]

Sorry got busy at home. Yes it's a Line of credit. Not a personal loan..I can use as much as I would like. I wasn't sure how good of a rate it was as I've never had one. Except all of accts with them are very low interest rates. My credit card is 8.24%. When she asked me what my Cap1 interest rate was, she sounded like she was gonna pass out lol.