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#1
 
Old 10-28-2010, 08:41 PM
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Default Lines of credit

If a person has a $1000 line of credit (not a credit card) and a $900 balance is that limit to balance ratio effecting the credit score?
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#2
 
Old 10-29-2010, 01:36 AM
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Yes. That is correct.
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Old 10-29-2010, 11:51 AM
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I thought only revolving debt like credit cards effect the score.
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Old 10-29-2010, 05:21 PM
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Haha, you thought wrong.
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#5
 
Old 10-31-2010, 09:34 PM
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Default Thats cool....thanks

Do the same rules apply for a Home equity line of credit?
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