My friend is wanting to take out a loan of $1000 to buy a gaming computer. He has $1000 put aside already, but he's going to use that to pay off the loan. He wants to do this to build up his credit. Is there any reason this is what he should be doing? Or should he just use the $1000 to buy the PC and not worry about the loan?
Edit: I don't think he fully understands how building credit on a personal loan works.
Submitted February 01, 2017 at 09:30PM by Cyka_Blyatt http://ift.tt/2jywVhN
