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How will a medical loan affect my score?

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Anonymous
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How will a medical loan affect my score?

Should be in mid to high 700s next month after pay downs.  25+ year old history, AA about 9 years, all credit-cards, no baddies.  I'm trying to keep new cards down but I might need a non-covered medical procedure, in the the $30k range. Can get it easily via Cap1 Medical Loans, wondering if this will help/hurt. I figured help because mix of credit but hurt because new account. Wondering if it hurts as much as new credit card as it is not a new credit card per se.
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marty56
Super Contributor

Re: How will a medical loan affect my score?

I financed my Lasix through BofA which showed up as an LOC and thus revolving.  IMHO I dont think it would help your mix unless it showed up as an installment if you dont have one allready.  Also if it shows up as revolving, would it show high util?

1/25/2021: FICO 850 EQ 848 TU 847 EX
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