Can a Personal Installment Loan Help My Credit?

Depending on your current financial and credit situation, a personal installment loan could help boost your credit score by adding diversity to your credit accounts and by creating a history of on-time payments.
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Helpful Hints for Maintaining Your Credit Score - Boost your Credit Score with a Good Mix of Credit

You can build and sustain good credit with a personal loan or credit card by making every payment on time. Even if your score isn’t great right now, if you keep your balances manageable and keep up with payments, you’ll be well on your way to building a good FICO or credit score.
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