advice on a loan loan:yes or no

[u_like_me]

I think that sounds pretty fair. Although they say no interest for 90 days and it sounds easy, depending on how life is treating you at that time it could end up taking longer then 90 days to pay it back. You want to build up your credit and that is good. The better way to build credit if you get a loan like that is to pay it off in less then 90 days. That always makes you look better in the credit world. Then if you want another loan sometime they will be thrilled to give it to you and probaly more then they gave you the first time. Just do the same thing with that loan..... Good Luck...

i have always worked and saved up for everything and waited til i had enough money and bought it outright.

i am currently saiving for a project(car) and am about halfway there. i will have enough saved in 3 months to complete.

tell me if im wrong, or if it is good or not. thanks.

1: just save and buy it outright

2: get a 3k loan, and pay it off in 3 months.

3: wait a lil while and get a smaller loan (2k) and pay it off in 2 months.

does getting a loan and paying it off sooner help to earn credit?
should i get a loan or is the credit not worth it.

im not too much worried about interest becasue it will be for a shor t time i was thinking on when i get a bill for the month, paying like 3 times the amount..

help is appreciated,

[Halfwit]

I think that sounds pretty fair. Although they say no interest for 90 days and it sounds easy, depending on how life is treating you at that time it could end up taking longer then 90 days to pay it back. You want to build up your credit and that is good. The better way to build credit if you get a loan like that is to pay it off in less then 90 days. That always makes you look better in the credit world. Then if you want another loan sometime they will be thrilled to give it to you and probaly more then they gave you the first time. Just do the same thing with that loan..... Good Luck...

when i say i can pay it off, i mean i can pay it off, i have 2 jobs and even if i lose one, i will still be able to pay it off.

so 90 same as cash ftw?

[u_like_me]

That is why I am saying you could pay the loan off early. You will get a really good mark on your credit report. I am not saying you cannot pay it off, I just figured since you are thinking the smart way then this might just help you out a little more with building your credit up...

when i say i can pay it off, i mean i can pay it off, i have 2 jobs and even if i lose one, i will still be able to pay it off.

so 90 same as cash ftw?