HELOC and FICO Score
Does anyone know if the amount you have on a HELOC is factored in to your FICO Score?
I know if you have a $10,000 limit on your credit card and you're using $9,500 of it, it will affect your score.
Recently my FICO score went down. I have good credit, but am consolidating debt by using my HELOC.
Could this be why my FICO took a hit?
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