Can Reduction in a Home Equity Line of Credit Affect My Credit Score?

Answer A home equity line of credit is a type of secured revolving credit that uses your home's equity -- the value of the home minus mortgage owed -- as collateral. In certain cases, your lender may deci... Read More »

Top Q&A For: Can Reduction in a Home Equity Line of Credit A...

Can requesting a credit reduction affect a credit score?

Requesting a reduction in your credit limit lowers your amount of available credit when compared to the amount of debt you carry--known as your "debt utilization ratio." Lowering your debt utilizat... Read More »

How much credit can you get with a chase home equity line of credit?

On One Hand: Borrow the Equity AvailableOnce you determine a home equity line of credit is the right loan, many borrowers tell the bank to allow for the line of credit to be set at the total equity... Read More »

Is it Wise to Consolidate Credit-Card Debt Into a Home-Equity Line of Credit?

An acquisitions specialist buys products and services for her company, often for resale. Acquisitions specialists are often referred to as buyers or purchasing agents. They often determine which ty... Read More »

What is Home Equity Credit Line of Credit (HELOC), whst is the advantage and disadvantage of that?

A Home Equity Line of Credit is a line of credit based on the precentage of your home you have already paid for. For Ex. you have a loan for $100,000 and you have paid 30,000 of it off and owe $70... Read More »