@Anonymous wrote:Big hit? Little hit??
I misread your question, I thought it was an auto loan.
I don't know about leases.
@s_haliz wrote:
@manyquestions wrote:
@s_haliz wrote:I just wanted to let you know that it is possible to have a perfect FICO even without an intallment loan (like car loan).....I don't have car loan....
All you have showing on your report are credit cards? No mortgage, no loans of any type?
Small mortgage - Yes. But that is not "installment loan"..... Installament loan usually points to "auto loan"......Which I don't have....
Yes it is 
@Anonymous wrote:Is there a difference betweena loan and a lease with respect to scoring. My lease is for 42 months and will show an intial balance of approx 60K
Gregg
I don't think there is a difference. Your score will be influenced by the ration of remaining balance to the original 60k. To avoid the negative impact of the loan it will have to age a few months and drop below 80% utilization.
Thanks....just wanted to prepare for the hit.....didnt know how big it would be...have worked so hard to get my credit back...psychologically dont know if I am prepared to see a 30 point drop.....
Your scores are solid. It shouldn't drop more than a few points, and it will only be very temporary. In the long run have the installment history will benefit your score.
Thank you 
Appreciate it
Gregg