<prompt> Human: I have had most of my school paid off by an athletic scholarship, but my final semester is going to be paid on my own, I have worked the last two years and will be able to pay tuition fees etc. in cash. So I was thinking about opening up a new bank account and taking out a loan with that bank just to have them automatically take money out of that account for the loan amount. I am strictly using this to build credit so does this mean I need to accrue interest? What would be the best way to build credit using this situation? Or is it foolish to take out the loan. Lets say I have a freelance 6 months with no interest is it foolish to pay this off before interest. Loan with be about 5,000 and I dont know any rates at this point. Any advice?  <response>: I am strictly using this to build credit so does this mean I need to accrue interest? No.Or is it foolish to take out the loan.Yes. Never take out loans just to build credit. Great credit scores can and should be built for free. 