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LOC

Roward74075
Regular Contributor

LOC

Hey all. I'm assuming that a CO Line of Credit (bank overdraft LOC) is considered revolving in terms of aggregate utilization, but I wanted to confirm with the pros. The "insights" pie chart on myFICO Premier doesn't show it, but it said 4% util even before other CO CCs fell off today, so I don't think it's accurate.

 

Thanks!CO LOCCO LOC

 

Myfico premierMyfico premier

 

Message 1 of 4
3 REPLIES 3
gdale6
Moderator

Re: LOC

Yes LOCs are included in utilization of revolving credit for Fico purposes
Message 2 of 4
Roward74075
Regular Contributor

Re: LOC

Thanks.

 

It was odd...had 3 revolving accounts with the same creditor with DoFD 11/13 on EQ. The other 2 dropped off today (3 months early) today 8/1. This one stayed. Any ideas why?

Message 3 of 4
gdale6
Moderator

Re: LOC


@Roward74075 wrote:

Thanks.

 

It was odd...had 3 revolving accounts with the same creditor with DoFD 11/13 on EQ. The other 2 dropped off today (3 months early) today 8/1. This one stayed. Any ideas why?


Nope, other than EQ does things backwards. I would look for it to drop soon.

Message 4 of 4
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