HELOC- REVOLVING DEBT

[Anonymous]

OK  I just made a payment to bring my HELOC down to just under 9% utilization.   As I have said in some others threads my TU score has varied widely for about a year as TU sometimes seems to call that account a revolving account and other times a mortgage account.  The last time I checked though the score was down and it seemed to be classified as a revolving ccount.   SO what do you all think will happen when my CU reports my new balance.

1.  Little to no effect up or down

2. A decent increase as this "revolving" account is now under 9%

3. Something else

note I have alot of revolving credit.  only one other account ever hasa balance and it reports in the 2% to 6% range.

BTW this is just for fun.   If FICO scoring was an exact science this probably would be of no interest to anyone.

[Anonymous]

Well after getting my heloc down to 9 % I sawa 2 point increase.  A bit disappointing byt there you have it.

[MarineVietVet]

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@Anonymous wrote:

Well after getting my heloc down to 9 % I sawa 2 point increase.  A bit disappointing byt there you have it.

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IMO a score increase is never a reason to be disappointed. The alternative would be worse. 

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

n appropriate thought for Thanksgiving weekend