08-26-2013 05:26 PM
Hello Credit Gurus!
Today i got a personal invitation from Discover.
I want to get $20,000 of personal loan .
Have a 30 day satisfaction guarantee.
If i payback within 30 days because i'm not satisfied.
1.Does it gonna improve my Credit history ?
2.If i cancelled the loan is gonna show on my credit file or removed later?
08-26-2013 07:10 PM
It would probably be an installment loan. Those do not factor much into your score other than credit mix.
If you cancelled it could still show as opened and closed and stay as a positive on your report for up to 10 years or longer.