<prompt> Human: Im currently working on paying off about 2,000 in credit card debt between two cards all together my credit limit is 3,300 so my goal is to get to about 10-20 credit utilization. I should reach that goal in four months. Ive never made a car payment and have rented my house from my parents so the two credit cards are the only lines of credit that I have. I also dont have a savings to speak of. After I pay off my credit card debt would it be a good idea to take out a loan and put it into savings so that I have an emergency fund and another line of credit? If so how much should I ask for? For what its worth my credit score is at 645 but should increase as I pay off credit cards. After rentbills I usually have about 1000 left each month.  <response>: An emergency fund is cash on hand to pay a debt. Taking on a debt to have an emergency fund defeats that.If you can get a loan now, you can get a loan later if needed.Just save up slowly. Dont take on debt to prepare for debt. 