Line of Credit vs. Revolving in relation to Fico Score

[CreditBob]

Here is my question. I know that a open line of credit is counted as a revolving line. My question is this, is a 'LINE OF CREDIT" treated any different because it states Line of Credit instead of stating that it is revolving under the Loan Type? So does it impact the fico score the same or less?

On my regular credit cards it states revolving under loan type,

Status as ofDate openedDate of last activityLoan typeCredit limitLargest past balanceAccount TypeAccount holderScheduled Payment AmountIndustry

Aug, 2011

Nov, 2006

Jul, 2011

Line of Credit

$300

$267

Overdraft/Reserve Checking Account

Individual Account

$25

Credit Unions and Finance Companie

Today is when the billing cycle ends. So instead of being at 80% utilization it is now 0% & paid in full. That is why i am asking?

[llecs]

AFAIK, it is treated equally per the weight as far as mix goes, but is treated exactly the same per util as if it were a CC.

If you pull your FICO report and if util is listed, you can reverse engineer to see that it is included. I have a NavCheck via NFCU and an overdraft with Penfed and both are treated equally with regards to util.

[RobertEG]

I think there is some confusion in terminology.

An open line of credit, as the term is normally used, can be either revolving or installment.  Accounts in which you contracted for and received a specific amount, and make regular monthly payments of the same amount over the course of the account, are installment accounts. They are loans for a fixed amount, and not credit issued on a revolving basis.   Accounts in which you are granted a level of permissible cedit limit, and exercise your discretion over the ongoing balance on the account, and thus have revolving monthly billing amounts, are revolving lines of credit.

Many state codes related to the statute of limitations on debt use the term open accounts in a way similar to revolving credit in differentiating the term of statute of limitations on debt incurred under those accounts.

Unless you are purusing state SOL codes, the term open refers to the status of an account, and not its type of debt.  The term Line of Credit normally refers to accounts such as HELOCS, where equity is used to establish a revolving amount of credit for your use. 

Revolving lines of credit score much higher than installment accounts.