How will taking out a personal loan affect my credit?

I got an offer from Capital one to take out a 10,000 personal loan, requiring no collateral at a pretty high rate. Kinda need the money for moving expenses and feel like I can pay it off well ahead of schedule. But will this be sabotaging my credit?

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Mon, Oct 5, 2009

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Tags: Capital One, Collateral, Money, moving expenses, Personal Loan

One Response to “How will taking out a personal loan affect my credit?”

  1. ZinaRae Says:

    Probably not: it depends on your revolving credit as of this date.. But make more than your minimum payments. In order to get a $10K Sig Loan you have good credit. Let’s keep it that way.


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