Student Line of Credit changed to Installment on Equifax?
Just looked at my report. I'm still a student and my SLOC is still active.
Today it has my Student Line of Credit listed as an installment. Reports the same opening date, same balance, but a lower credit limit. Shows my minimum payment at 65 which is what my account shows as well.
Just 2 days ago it was under regular revolving credit, with the same info but my actual credit limit. Is this just because the minimum payment is interest only and my payment would be due/automatically withdrawn from my account in the coming days?
Also may be worth noting, my score went up 11 points in that 2 days.
Today it has my Student Line of Credit listed as an installment. Reports the same opening date, same balance, but a lower credit limit. Shows my minimum payment at 65 which is what my account shows as well.
Just 2 days ago it was under regular revolving credit, with the same info but my actual credit limit. Is this just because the minimum payment is interest only and my payment would be due/automatically withdrawn from my account in the coming days?
Also may be worth noting, my score went up 11 points in that 2 days.