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Will this rise or lower your credit score?

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Notsure
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Subject: Will this rise or lower your credit score?
 
 Posted on Mon Aug 31, 2009 8:57 pm  
Hi everyone!

Just a quick question. I am 6 months away from buying a house and would like to know if getting a small personal loan now will hurt my credit.

I have the cash with me BUT was wondering if getting a loan and pay it off right away will help my credit score or lower it.

Just want to have outstanding credit before I apply for a mortgage.

Thanks!
Guest







 
 Posted on Tue Sep 01, 2009 10:42 am  
If you get small personal loan now & pay off it earlier before apply for Loan for House. It will help to increase your credit score. If you missed to pay off small loan then it will be reason of loan application denine.

Thanks & Regards.
______________________________________________________
Secure credit card will help you to improve your credit score faster.
James Orr

James Orr

Joined: 07 Jun 2009
JamesOrr's page
Posts: 54
Location: Maharashtra


298 Magic Points
 
 Posted on Tue Sep 01, 2009 10:43 am  
If you get small personal loan now & pay off it earlier before apply for Loan for House. It will help to increase your credit score. If you missed to pay off small loan then it will be reason of loan application denine.

Thanks & Regards.
______________________________________________________
Secure credit card will help you to improve your credit score faster.

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