Legal Question in Real Estate Law in California

Re: Helock loans

It CAN hurt you, but not necessarily. It all depends on your circumstances.

One thing that can impact your credit score is how much credit you have available to you. When you apply for credit, your ability to pay is one of the primary factors a lender will use in making a decision on whether to extend you credit. In terms of the worst case scenario, creditors will consider what might happen if you maxed out all of your available credit.

If you have sufficiently available credit to get yourself in trouble, it MIGHT have an impact on your ability to get new credit for things like a new car or a new credit card.