{"id":27554,"date":"2023-08-09T07:45:14","date_gmt":"2023-08-09T07:45:14","guid":{"rendered":"https:\/\/www.lendingstream.co.uk\/blog\/?p=27554"},"modified":"2023-08-09T07:45:16","modified_gmt":"2023-08-09T07:45:16","slug":"how-to-build-a-credit-score-without-a-credit-card","status":"publish","type":"post","link":"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/","title":{"rendered":"13 Ways To Build Your Credit Score Without A Credit Card"},"content":{"rendered":"\n<p>Building your credit score without a credit card is possible through many ways. While credit cards are commonly used to establish credit history, several other strategies can help build and boost your credit score.<\/p>\n\n\n\n<p>This article explores practical ways to build credit without relying on credit cards, allowing you to pave the path towards a stronger financial profile.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f2e68415a7f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f2e68415a7f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#how_to_build_or_improve_your_credit_score_without_credit_card\" >How to build or improve your credit score without credit card?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#1_consider_credit_builder_loans\" >1. Consider credit builder loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#2_joint_accounts_with_responsible_individuals\" >2. Joint accounts with responsible individuals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#3_make_sure_to_register_on_the_electoral_roll\" >3. Make sure to register on the electoral roll<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#4_avoid_payday_loans\" >4. Avoid payday loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#5_see_if_experian_boost_can_help_you\" >5. See if Experian Boost can help you<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#6_stay_below_credit_limits\" >6. Stay below credit limits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#7_avoid_multiple_credit_applications\" >7. Avoid multiple credit applications<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#8_peer-to-peer_lending\" >8. Peer-to-peer lending<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#9_clear_outstanding_debts\" >9. Clear outstanding debts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#10_research_reporting_services\" >10. Research reporting services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#11_review_your_credit_report\" >11. Review your credit report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#12_student_loans\" >12. Student loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#13_clear_outstanding_debts\" >13. Clear outstanding debts<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#how_is_my_credit_score_bad_if_i_dont_have_a_credit_card\" >How is my credit score bad if I don&#8217;t have a credit card?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#faqs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#how_do_i_build_credit_for_the_first_time\" >How do I build credit for the first time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#can_i_build_a_credit_score_with_a_debit_card\" >Can I build a credit score with a debit card?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-build-a-credit-score-without-a-credit-card\/#do_personal_loans_help_build_credit\" >Do personal loans help build credit?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how_to_build_or_improve_your_credit_score_without_credit_card\"><\/span><strong>How to build or improve your credit score without credit card?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_consider_credit_builder_loans\"><\/span><strong>1. Consider credit builder loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"532\" height=\"399\" src=\"https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Consider-credit-builder-loans-to-build-credit-without-credit-card.jpg\" alt=\"Consider credit builder loans to build credit without credit card\" class=\"wp-image-27557\" srcset=\"https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Consider-credit-builder-loans-to-build-credit-without-credit-card.jpg 532w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Consider-credit-builder-loans-to-build-credit-without-credit-card-300x225.jpg 300w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Consider-credit-builder-loans-to-build-credit-without-credit-card-80x60.jpg 80w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Consider-credit-builder-loans-to-build-credit-without-credit-card-265x198.jpg 265w\" sizes=\"(max-width: 532px) 100vw, 532px\" \/><\/figure>\n\n\n\n<p>Consider building credit through credit builder loans or secured loans, where you make fixed monthly payments to a lender. These payments are reported to credit bureaus, gradually building a positive credit history.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_joint_accounts_with_responsible_individuals\"><\/span><strong>2. Joint accounts with responsible individuals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Establishing a financial link with someone who has a good credit history can positively impact your creditworthiness. This can be achieved by opening a joint bank account or applying for financial products like a mortgage together. When you become financially linked with someone who has a stronger and more positive credit history than yourself, lenders will consider this when you apply for credit in the future.<\/p>\n\n\n\n<p>Bear in mind that this works both ways. If they have a <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/bad-credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">poor credit rating<\/a><\/strong>, it can actually affect your own ability to get credit or borrow money online.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_make_sure_to_register_on_the_electoral_roll\"><\/span><strong>3. Make sure to register on the electoral roll<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Ensure that you are registered on the electoral roll at your current address. This helps verify your identity which positively impacts your score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_avoid_payday_loans\"><\/span><strong>4. Avoid payday loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"532\" height=\"399\" src=\"https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Avoid-payday-loans.jpg\" alt=\"Avoid payday loans\" class=\"wp-image-27558\" srcset=\"https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Avoid-payday-loans.jpg 532w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Avoid-payday-loans-300x225.jpg 300w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Avoid-payday-loans-80x60.jpg 80w, https:\/\/www.lendingstream.co.uk\/blog\/wp-content\/uploads\/2023\/08\/Avoid-payday-loans-265x198.jpg 265w\" sizes=\"(max-width: 532px) 100vw, 532px\" \/><\/figure>\n\n\n\n<p>Refrain from using <strong><a href=\"https:\/\/www.lendingstream.co.uk\/loans\/payday-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">payday loans<\/a><\/strong> or other high-interest short-term credit options. These loans can have a negative impact on your creditworthiness if not repaid on time and put you in a debt cycle which can become difficult for you to break and come out.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_see_if_experian_boost_can_help_you\"><\/span><strong>5. See if Experian Boost can help you<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Experian Boost is a service provided by <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/experian\/\" target=\"_blank\" rel=\"noreferrer noopener\">Experian<\/a><\/strong>, one of the major credit reference agencies in the UK. It allows you to add positive payment history for utilities and telecoms to your credit report, potentially improving your credit score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_stay_below_credit_limits\"><\/span><strong>6. Stay below credit limits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Keeping credit card balances well below the credit limits is crucial for a healthy credit utilization ratio. A lower utilisation ratio indicates responsible credit management.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_avoid_multiple_credit_applications\"><\/span><strong>7. Avoid multiple credit applications<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Applying for multiple credit applications in a short period of time can be looked like financial instability or desperation by lenders. Don&#8217;t apply for multiple loans in a single time and limit your applications to necessary ones only. Try to spread them out over time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_peer-to-peer_lending\"><\/span><strong>8. Peer-to-peer lending<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Peer-to-peer lending platforms provide an alternative way for individuals to borrow and lend money outside of traditional banking channels. Borrowers apply for loans, and individual investors (lenders) fund these loans in smaller increments.<\/p>\n\n\n\n<p>Making regular, timely repayments on peer-to-peer loans establishes a positive payment history that can positively impact your credit score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_clear_outstanding_debts\"><\/span><strong>9. Clear outstanding debts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Prioritize <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-pay-off-a-loan-early\/\" target=\"_blank\" rel=\"noreferrer noopener\">paying off any outstanding debts<\/a><\/strong>, such as personal loans, store credit accounts, or <strong><a href=\"https:\/\/www.lendingstream.co.uk\/loans\/instalment-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">instalment loans<\/a><\/strong>. Reducing your debt burden can positively impact your credit utilization ratio, which is a crucial factor in credit scoring.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10_research_reporting_services\"><\/span><strong>10. Research reporting services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Traditionally, rental payments were not reported to <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/credit-reference-agencies\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit reference agencies<\/a><\/strong>, potentially leaving individuals with limited credit history at a disadvantage.<\/p>\n\n\n\n<p>However, some rental exchange schemes now collaborate with credit reference agencies to include rental payment history in your credit report. By enrolling in such a scheme, your on-time rent payments can positively impact your credit score and demonstrate your ability to manage financial commitments responsibly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"11_review_your_credit_report\"><\/span><strong>11. Review your credit report<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Monitoring your credit report regularly is essential for understanding your creditworthiness and identifying any errors or inaccuracies. You can request a free credit report from each of the three major credit reporting agencies (Experian, <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/equifax\/\" target=\"_blank\" rel=\"noreferrer noopener\">Equifax<\/a><\/strong>, and <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/transunion\/\" target=\"_blank\" rel=\"noreferrer noopener\">TransUnion<\/a><\/strong>) annually.<\/p>\n\n\n\n<p>Check your credit file for any discrepancies or fraudulent activity and promptly dispute any inaccuracies to rectify the information.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"12_student_loans\"><\/span><strong>12. Student loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you are a student, responsibly managing your federal student loans can positively impact your credit history. Making timely payments on student loans demonstrates your ability to handle credit responsibly<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"13_clear_outstanding_debts\"><\/span><strong>13. Clear outstanding debts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Prioritize <strong>paying off any outstanding debts<\/strong>, such as a personal loan, store credit accounts, or instalment plans. Reducing your debt and making on-time payments can positively impact your credit utilization ratio, which is a crucial factor in credit scoring.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how_is_my_credit_score_bad_if_i_dont_have_a_credit_card\"><\/span><strong>How is my credit score bad if I don&#8217;t have a credit card?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Having a bad credit score without a credit card is possible due to factors like limited credit history, missed loan payments, defaulted debts, financial associations with individuals with poor credit, late utility and phone bill payments, and high credit utilization on other loans.<\/p>\n\n\n\n<p>Credit scores are influenced by various financial behaviours, not just credit card usage. To improve your credit score, focus on responsible financial habits, timely payments, and avoiding defaults. Demonstrating responsible credit management will lead to a better credit score over time, making you more attractive to lenders.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, having a <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/what-is-a-good-credit-score-uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">good credit score<\/a><\/strong> without a credit card is indeed possible through various alternative methods. Utilise credit builder loans, or become an authorised user on someone else&#8217;s credit card to start building credit.<\/p>\n\n\n\n<p>Timely payments on loans, rent reporting services, and responsible management of financial obligations all contribute to building a positive credit history.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.lendingstream.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Lending Stream<\/strong><\/a> are also on hand, if and whenever you need! Managing your finances well and staying consistent can actually lead to better loan opportunities, something your future self will thank you for.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"faqs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1691566906860\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"how_do_i_build_credit_for_the_first_time\"><\/span><strong>How do I build credit for the first time?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To build credit for the first time, start by opening a bank account and applying for a credit builder loan. And ensure timely payments on bills, rent, and loans. Monitor your credit report regularly and practice responsible financial behaviour to establish a positive credit history over time.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1691566918127\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"can_i_build_a_credit_score_with_a_debit_card\"><\/span><strong>Can I build a credit score with a debit card?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>No, using a debit card does not directly contribute to building a credit score.<\/strong> Debit card transactions do not involve borrowing money or creating a credit history, so they are not reported to credit reference agencies.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1691566934095\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"do_personal_loans_help_build_credit\"><\/span><strong>Do personal loans help build credit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>Yes, personal loans can help build credit when managed responsibly.<\/strong> If you make timely payments on your personal loan and pay off the loan as agreed, it can have a positive impact on your credit score.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><strong>Disclaimer:<\/strong> The information given above is provided for reference only. This is not financial advice.<\/p>\n\n\n\n<p><strong>Related guides:<\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-pay-off-credit-card-debt\/\" target=\"_blank\" rel=\"noreferrer noopener\">How To Pay Off Credit Card Debt<\/a><\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/why-has-my-credit-score-gone-down\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why Has My Credit Score Gone Down<\/a><\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-often-does-your-credit-score-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">How Often Does Your Credit Score Update<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Building your credit score without a credit card is possible through many ways. While credit cards are commonly used to establish credit history, several other strategies can help build and boost your credit score. This article explores practical ways to build credit without relying on credit cards, allowing you to pave the path towards a [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":27559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[267],"tags":[],"class_list":["post-27554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loans"],"_links":{"self":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/27554"}],"collection":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=27554"}],"version-history":[{"count":3,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/27554\/revisions"}],"predecessor-version":[{"id":27560,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/27554\/revisions\/27560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media\/27559"}],"wp:attachment":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=27554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=27554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=27554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}