Recently my "friendly" CU denied me an CL increase on my VISA. They pull from Experian only. One reason was high revolving credit utilization. Well my HELOC is being reported as a revolving CC. It is maxed out and of course this equates to high revolving utilization.
But get this. I had already seen this on my Exper CR. Since joining this forum I'm going thru all CRs with a fine tooth comb. I had already disputed with Exper how my HELOC is being reported. They replied and have changed this. Now my HELOC is reported as an installment loan similar to an auto loan. I'm getting my credit score again to see how this change affects my score.
Also I now realize that when filling out the app for the CL increase I should have listed the rent I collect from my investment prop as income. It looks like the mortgage on this prop is being paid from my salary. Hence the other reason I was denied......excessive obligations in relation to income.
To get ahead in the credit game you have to think like the credit grantor. This forum has helped me so much to change my way of thinking.
