Originally Posted by
reno96teg
no, because there is no value in that application, but there is value in the house, for example.
credit
The ability to obtain goods, money, or services in return for a promise to pay at some later date.
Your logic is still flawed because if I do not use, apply for, or take advantage of the collateral I posess then it is nothing more than a posession and has nothing at all to do with credit, credit score, credit useage or anything else with credit. If on the other hand I use it as collateral for a line of credit then the house is now part of my credit.