Are HELOCs normally coded as mortgages or revolving lines? Do they count towards utilization?
It's a crap shoot.
Currently, Experian and Equifax are reporting my HELOC as a revolving line and it is counted in my utililzation.
TransUnion is reporting the same HELOC as a traditional second mortgage.
I'm on my third HELOC, and each of the CRAs has reported each way.