New credit line how does this affect credit if not used or if paid off early

[Anonymous]

I had applied for a "Signature Loan" through Capital One for 6.99%.  I just wanted to see if we would be eligible.  We received a big check in the mail and now we are rethinking this whole thing.  Should we -  A)   not use the money or B)  use it for 6 months and then paid it in full.  Which one will be best for credit?

[Anonymous]

What other credit do you have on your CR?  Baddies?

[Anonymous]

You can cancel this within 30 days-

IF you do use it- pay it over 12 months- (pay down the balance 50% the 2nd month,)

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laustin wrote:

I had applied for a "Signature Loan" through Capital One for 6.99%.  I just wanted to see if we would be eligible.  We received a big check in the mail and now we are rethinking this whole thing.  Should we -  A)   not use the money or B)  use it for 6 months and then paid it in full.  Which one will be best for credit?

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