Hi,
I have a ~$62K balance on a home equity loan that originally had a limit of 71K. I have one credit card (Discover) with a limit of 10K that I pay in full every month. I usually have a balance of <1K on it.
So on my credit scores, each bureau shows me with a credit utilization of ~$62K over 81K, so quite high. Is there any way to get the home equity loan re-classified for purposed of my score to an installment loan instead of a revolving line?
My score has been stuck in the 630s for several months now. I had some late payments about 2 years ago but I have been on time ever since.
thanks!
