Can a Home Equity Line of Credit (HELOC) impact my credit score

Q&A: Impact on Credit Scores? QUESTION: Can a Home Equity Line of Credit (HELOC) impact my credit score? ANSWER: Credit expert Linda Ferrari (author of “THE BIG SCORE: Getting It and Keeping It, Buying Power for Life”) explains that HELOCs are commonly categorized as revolving accounts. As a result, they are rated using the “Balance to…