Tag Archive | "credit report"

How to Protect Your Credit in Case of a HELOC Freeze

Many homeowners worry that a HELOC freeze will have a negative affect on their credit. Although this is a possibility if your HELOC shows up as a revolving line credit reports, most people should not see a dramatic change. WLNS News reports: “For those carrying a balance, fortunately, most credit reports differentiate credit cards from [...] [...more]

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How Does a HELOC Show Up on My Credit Report?

Many potential borrowers worry that their HELOC will show up as a giant (and sometimes maxed-out) credit card on their FICO reports. But, in most cases, there’s no need for concern. Credit.com explains: “The majority of time a HELOC is reported to the credit bureaus it is also accompanied by descriptive text, called a narrative [...] [...more]

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