If you take out a loan (not payday or high-cost short term), and successfully pay it back, this can help to start boosting your credit rating.
Can Show Good Money Management – this shows lenders that you manage your money well and meet your obligations.
Can Improve Your Credit Score – in the circumstance where getting a loan that is affordable to you is the right thing to do, this can also help to improve your credit score.
Only consider this if;
You were genuinely thinking of taking out a loan anyway.
The loan is comfortably affordable for you.
If you take out a loan and do not make all the repayments, this will damage your credit file!