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How does NFCU LOC report?

The last post in this topic was posted 1272 days ago. 

 

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Does anyone who has used Navcheck know if it reports to the CRAs as a personal loan or as a credit card account?

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FICO-8 counts it as part of your revolving credit... I'm not sure about other FICO models. Vantage calls it "other loans" and doesn't consider it available revolving credit.

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reports as line of credit. Last report date for me is 4/28 so must be near end of month or when the statement closes.

 

How does this effect scoring? I'm assuming a 0 balance has a positive effect?

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reports as line of credit. Last report date for me is 4/28 so must be near end of month or when the statement closes.

How does this effect scoring? I'm assuming a 0 balance has a positive effect?

yes just like credit card

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reports as line of credit. Last report date for me is 4/28 so must be near end of month or when the statement closes.

How does this effect scoring? I'm assuming a 0 balance has a positive effect?

yes just like credit card

 

sweet! Thanks!

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