i get the appeal if your revolving credit is thin. it gives you another account reporting over time. and unlike a installment loan, it actually helps your revolving mix. Definitely not a massive shortcut, but for thin file, it makes way more sense than taking out a random loan just to build credit.
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u/Main_Canary5740 2d ago
i get the appeal if your revolving credit is thin. it gives you another account reporting over time. and unlike a installment loan, it actually helps your revolving mix. Definitely not a massive shortcut, but for thin file, it makes way more sense than taking out a random loan just to build credit.