[quote=“Penfold,post:13,topic:38037"”]
I don’t have a credit card, but I do have student loans through Citibank.
If I take out around a $5000 loan on a car, will that build credit?
edit: yeah, I’ve been searching, I just can’t find info that relates to me entirely. There is always some varible involved in the topics I searched that doesn’t apply to me.
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Student loan is very good. Low interest, and it will build credit. Make all your payments on time.
The car loan will also build credit. Just don’t get raped by high interest just to build credit.
Yes, get a credit card. Make sure there aren’t any annual fees, and don’t carry a balance on it. Get one. Use it. Pay it off in full every month.