cancel
Showing results for 
Search instead for 
Did you mean: 

HELOCs

Tito1183
Contributor

HELOCs

Are HELOCs normally coded as mortgages or revolving lines? Do they count towards utilization? 

Message 1 of 2
1 REPLY 1
tcbofade
Community Leader
Super Contributor

Re: HELOCs

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.

 

Good luck!

06/01/22 Fico 8: EX 746, EQ 768, TU 763.
06/06/22 Fico 9: EX 735, EQ 765, TU No idea.

Zero percent financing is where the devil lives...
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.