I've heard of people doing this before but I'm not sure if there's any basis in it..
I'm thinking of taking out a loan which I do not need simply so I can repay it on time each and every month in the hope of showing a good credit record and ability to pay back loans on time etc..
Does this make any sense or would it be nonsense?
Also would it be possible to pay off the loan early in a lump sum?
I'm thinking of taking out a loan which I do not need simply so I can repay it on time each and every month in the hope of showing a good credit record and ability to pay back loans on time etc..
Does this make any sense or would it be nonsense?
Also would it be possible to pay off the loan early in a lump sum?