<prompt> Human: Hey all, Ive been debating on taking out personal loan for some time now to really give my credit a boost. Im 21 years old and Ive managed a 760 by having 3 credit cards open and intelligently spending and paying them since I was 18.I was told recently that diversifying your credit portfolio is the best way to improve credit and someone recommended a small personal loan. My bank offered a loan of 5,000 dollars with a 9 interest rate. Obviously I really wouldnt be touching this money and Id just be paying the loan back with the money received from the loan and by the end of the loan it will not have cost me much in interest. Is this a good idea? Ive always been very good with my money, even when I had a minimum wage part time job.If its a good idea, am I better off taking this loan for 1 year? 2? 3? What will be most beneficial for me. Thank you friends!  <response>: Dont take on debt to improve your credit score. Thats just dumb. 