<p>Unfortunately not, as you do not need to borrow money and pay interest in order to have a good credit score. </p><p>Using your <a href="https://wallethub.com/credit-cards/" rel="nofollow" target="_blank"><u>credit card</u></a> and paying your balance in full every month, should be enough to give you a good score. Personal loans can help improve your credit score when used to pay off a credit card.</p><p>You can read about improving your credit score in <a href="https://wallethub.com/edu/improve-credit-score/19579/" rel="nofollow" target="_blank"><u>this article</u></a> and if you’d like to track your improvement over time, you can do it on WalletHub - the first and only website that updates its scores every day, so you’ll always know where you stand. You will get your free credit score and full credit report as well as credit improvement advice. </p><p>You can check it out here: <a href="https://wallethub.com/free-credit-score/" rel="nofollow" target="_blank"><u>https://wallethub.com/free-credit-score/</u></a>.</p>
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