My mortgage is reporting with a "high credit," is that correct? It's not a home equity or line of credit. The original amount of the loan is listed as the high credit so it reads: balance: 195k, high: 205k - it's messing up the debt percentage. With my second my report looks like this (credit limit $255k and debt ratio 94%): Mortgage 2 $240,444 $14,556 $255,000 94% $2,069 2
I guess I don't get it - I didn't realize mortgages were revolving, I thought they were installment. So this is reporting correctly?
