Personal Loans: Would This Improve My Credit Score?

DWQA QuestionsPersonal Loans: Would This Improve My Credit Score?
theletsasiwee asked 4 years ago

I was thinking about getting a personal loan but pay it off the day after. I only have revolving accounts and Credit Karma said I should get an installment loan to show diversity of credit but I don’t want to pay interest, so I’d like to pay it back immediately.

 

I did have a student loan, but I hate paying interest, so I stuffed them with all the money and the account is closed.

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