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Updated almost 10 years ago on .

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Greenville, Ohio
  • Member since Jan 11, 2016
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Greenville, Ohio
  • Member since Jan 11, 2016
Account Closed
  • Greenville, OH
1
Votes |
51
Posts
Personal Finance

Heloc Showing As Commercial Installment Loan on Credit Report?

Account Closed
  • Greenville, OH
Posted

This HELOC was originally being reported as a Line of Credit. After the bank was bought by another bank, the new bank is reporting it as a commercial installment loan.

I know different types of loans have different effects on your score so I'm wondering if this reporting type is helping or hurting?

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