It will help your scores- (As HELOCs over 50K are ignored from UTL) but make sure this is what you want to do- as You are transfering unsecured credit to secured credit.
IF your HELOC has a lower APR, I say go for it-
buster25 wrote:
I have a $60k credit line on my home that I have a balance of only $12k. I have a cc w/ balance of $8k. WIll using my credit line to pay down cc by $7k help or hurt my scores?
thx.
