Debunking myths: You don’t need loans, credit cards to build credit – Here’s how!

Dubai: If you think you need loans or credit card debt to build a good credit score, think again. While debt-free living is often seen as a financial goal, maintaining a healthy credit score without carrying debt is not only possible but also practical.

A common misconception is that staying in debt is necessary to maintain a good credit score. You might have even heard that leaving a small balance on your credit card is a good strategy. The truth is, you can build and maintain a strong credit score without carrying any debt.