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By darlene_000
On 06/11/02
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If you have Line of Credit, does it report as a loan, or as similar to a credit card???
D
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By colin
On 06/11/02
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Because this is revolving debt, meaning you can pay it off and use the line again, I believe it appears just as a credit card would on your report. I will look into this further.
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By darlene_000
On 06/11/02
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I was just wondering, because I already have my car loan reporting, and I did want a diff form of credit reporting to the bereaus (sp?). It is better to have a variety correct? rather than say 3 loan accts, and no credit cards or retail lines?
D
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By colin
On 06/12/02
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Darlene you are right on. It is best to have different types of credit on file.
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your questions are answered by the gromco team and card users like you
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- Discussion board
