Originally Posted by Peaches

Yes, freezing your HELOC will be next. Already happened to several friends of mine - all with hundreds of thousands in what USED to be available HE access, great credit, they rarely tapped it and it was PIF soon after if they did use it.

I refinanced 2 years ago with a nodoc to buy some more land and am 99.9999% sure I couldn't get an HELOC for any amount. Smartest people tapped out their HELOC and did work to their houses at least 6 months ago - they were able to use the equity and increase the house value.

SO FAR I haven't had any credit decreases and in fact have had increased credit limits in the last 2 months and get at least 2 low interest balance transfer offers a week. And I've already had one offer to let me buy my car lease out (not due until May) for thousands less than the original end-of-lease buy out. The biggest issue is that I can't decide if I want the car.