Legal Question in Credit and Debt Law in California

I've been denied credit by Capital One for a business credit card, citing high balances. I have no balances. Turns out my BofA HELOC (100% drawn) is being reported as revolving credit instead of a real estate loan. BofA refuses to change the characterization of the debt. Can I sue them to make them change it? Would this be a class action?


Asked on 1/24/13, 4:25 pm

1 Answer from Attorneys

It is revolving credit. It is secured revolving credit, but it is revolving credit nonetheless. You don't have a case.

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Answered on 1/24/13, 4:36 pm


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