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Poll: Question about a loan and credit

Mears

Platinum Member
I'm thinking about buying a used motorcycle for about $3k in the near future. Would it be good for my credit to take out a loan for that $3k and then repay it immediately, or would it not be worth the hit? I have about 6 years of credit history through various credit card accounts.
 
Thats a tough one, short term it would hurt you, long term it would help. But if you have decent amount of credit history it wouldn't make much of a difference. I wouldnt worry about it just pay it.
 
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