It depends. Some banks do report to the credit bureaus, and some do not. When the Lines of Credit (LOC’s) are reported to the credit bureaus, the interest payments will add to the amount of debt you owe, but the growth of the policies will count towards your reportable income, so it should not affect your ability to borrow. If it did become a hurdle to obtain new financing, we would just use a policy loan (not reportable) to pay off the LOC and after you have secured the financing that you need, you can reuse the LOC and pay off the policy loan.
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