USAA Career Starter Loan / Improve or decline credit score

[Anonymous]

As of now, my credit score is 730ish..I have recently been approved for the USAA Career Starter Loan which is $25,0000 with an APR of 2.99%. I plan to use this loan strictly for investment purposes only (i.e. brokerage accounts/mutual funds). My question is, once I accept this loan, will my credit score improve or decline ?

[Bankrupt2019]

what does your credit file look like? accounts/balances/ any derogs?

[Anonymous]

A I do not have anything derogatory, but I do not have a long history of having credit and don't have too many accounts. However, I havent missed or been late aon paying ccounts, and I've limited the use of revolving credit....

[darwin_wins]

When you say investments do you mean stocks? If that's the case, would you have enough money in case the market goes south, to cover your losses and pay back the loan? If not then I wouldn't invest that money in the market. Just my 2 cents. 

[Shogun]

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@darwin_wins wrote:

When you say investments do you mean stocks? If that's the case, would you have enough money in case the market goes south, to cover your losses and pay back the loan? If not then I wouldn't invest that money in the market. Just my 2 cents. 

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Excellent 2 cents.

[Anonymous]

Taking out a loan to invest in the market?  Hmmm......