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selfimproving

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will opening short term loans build on my credit score if i keep the accounts paid on time?
ive been thinking about opening a short term loan, one at a time. pay one off open another and so on. trying to build my credit for better elegebility on other goals i have for the future. will doing this over a five year span boost my credit score?

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It can help, but remember every inquiry you get lowers your score also. So why not get a loan a bit bigger so it last a year or 2 and has more time to build the score. Then when you are going for you goal you have atleast a year timespan without credit inquiries so that your score is optimal of what it can be in your situation. It is good to have an account mix to though, a couple of card, a loan, a car loan all working together. Check out credit karma for your account mix score and you will see what I mean.

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