Finance Questions? Ask a Financial Expert for Answers ASAP
I remember, I had answered the question. NO, it will NOT impact your credit. You can safely go ahead. No payments that are paid on time can harm your credit.
Wish you good luck...
Many people believe that if you use more than 30% of your available credit limit, it may harm your scores, which is not true. If you have used up 100% of the limit, it can harm and it is advised to bring it down to 50%.
So, in your case, there is nothing to worry about since it is well below 50% and it is going to be repaid in time. The following is a good read http://www.bills.com/available-credit-limit-and-credit-score/
I am sure this would help...
You are most welcome...I was my pleasure to help you. You may kindly accept if this helps..!