Scoring question...

[Anonymous]

So my DH had a score of 611. He had a Dell acct with a balance of 1497 and we paid it down to 997 and he didn't get a score increase. We paid it down to 196 and it gave him 5 points. My question is that we just had our TV and computer go and we bought a new one and used our Dell acct and now his balance is 2800, if we pay it to the 1497, do you think he will just lose 5 points? Thanks!

Message Edited by sgress1533 on 07-25-2009 09:46 PM

[llecs]

Is it factored as a revolving account or an installment?

[Anonymous]

It's a store card, doesn't have a visa or mastercard attached to it, and on my report its considered a revovling account.

[RobertEG]

Revolving accounts have two flavors.

Credit card revolving debt scores higher than other revolving debt, such as a line of credit extended by a credit union.

How is it recorded in his CR?

[Anonymous]

It's being recorded as a charge account. Not a credit card.

[Anonymous]

I think that I will only lose 5 points since that is what I gained when I paid it down, but what do you think?

[haulingthescoreup]

---

RobertEG wrote:

Revolving accounts have two flavors.

Credit card revolving debt scores higher than other revolving debt, such as a line of credit extended by a credit union.

How is it recorded in his CR?

---

Actually, this is incorrect. CC's, LOC's, and HELOC's are all lumped into revolving util and carry equal weight. High-limit revolving TL's are excluded from calculating util altogether.