If you have Line of Credit, does it report as a loan, or as similar to a credit card???

D

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.

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

Darlene you are right on. It is best to have different types of credit on file.