SEARCH
Sunday November 22, 2009 5:57 PM ET
SmartMoney
Comments

Story Comments

RSS RSS | Join the SmartMoney Twitter Community
Is Your Home Equity Line of Credit Next?
Homeowners are left in the lurch as lenders cut home equity lines of credit.
 
You must be registered to use comments. Please login
User Comments
Posted 12:18 AM EST October 27, 2009
jaydee555 SmartMoney Insiders
1 Comments
There's another danger in HELOC's and credit scores that I didn't realize until just lately--some HELOC report your balance as principal plus outstanding interest--and if you have a HELOC that's close to its max, that may mean your balance shows up in your credit report as over your credit limit. That can devastate your utilization ratio.
Advertisements
Free stock symbol lookup: Scottrade stock research
Ally Bank offers top rates and no sneaky disclaimers. FDIC insured.
Economy Survey Corp International Country Reports
CDs and High Yield Savings Accounts from American Express
MFS®. We make the funds. You make the choice®.
Find helpful answers to important financial questions findtheanswers.com
Switch to thinkorswim and get a $100 ACAT rebate
Join to TD AMERITRADE and trade free for 30 days + get $100.
Keep your retirement goals in reach with help from Merrill Lynch
Get a Free Blackberry Smartphone at E*TRADE Securities
Try the MetLife® Variable Annuities Simplified Tool
Thinking about a Roth conversion? Schwab can help you decide.
SmartMoney Magazine - A smart investment. Subscribe for only $1 an issue.
Practice No Risk Trading at optionsXpress
Free stock symbol lookup: Scottrade stock research