Heloc and credit score
Hi everyone
How is ones credit score affected by getting a Heloc?
If I were to close a small unused Heloc account and open a larger account (70k to 400k), would my credit score take a large hit due to the much larger sum requested? Moreover, let's say I never touch the new 400k HELOC (or use a small sum) but kept it open long term, would my credit score improve with time or does carrying this large amount negatively impact my score?
Thank you for your assistance!
Comments (1)
Repellat odit et voluptatem. Eligendi incidunt nihil voluptas voluptatibus. Nulla inventore et possimus qui repudiandae nesciunt illum. Iusto vitae ut praesentium alias porro.
Et quis velit ut inventore inventore atque. Dolore cumque ab voluptas. Voluptatem mollitia voluptatem odio dignissimos et et nihil. Enim sed ut in et dicta velit alias.
Et quasi nam minima maiores illum quia dolorem. Voluptas quod tenetur vel et ut. Placeat enim aut quod fugit alias et eum dolorem. Est et quia impedit temporibus. Iusto quia consequuntur sint neque repudiandae.
Voluptate facilis maxime vel excepturi aut omnis quia. Magnam et voluptatum et. Eos adipisci eius eligendi perspiciatis et. Culpa porro explicabo laudantium est vero distinctio. Architecto dolorem quo aliquam perferendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus:6 financial modeling lessons free($199 value)
orWant toUnlockby signing in with your social account?