Should you get a loan?

Yes. The age-old advice of bankers is that people should always be building credit. It is hard to argue with their thinking. Whether we like it or not, the reality is that credit is dictated by several bureaus that track our financial presence. And the lack of an established presence is a big red flag in credit reports.

 

If you are building a business, it makes sense to build the credit score of the company. And a great time to start is when you don’t necessarily need the money and can easily repay the loan. And “peer-to-peer lending” may be an easy way to start. Traditional bank loans can be difficult to secure, but there are several sites that are dedicated to providing unsecured loans. Learn more with our course on Peer-to-Peer lending.

 

Patrick Donohue

 

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