79% of Americans whose credit score is 600 or higher said they purposefully take on a debt in order to build credit. Financial expert all have varying opinions on debt, with some saying everyone should avoid all debt except for a mortgage. However, in order to build credit, one has to take on a debt that they make timely payments on. Borrowing with the wrong kind of loan can be harmful, such as a car payment with a 24% interest rate. Purposeful borrowing should be used after checking into interest rates and time frames in order to build credit, or when it comes time to buy a house or a vehicle you will struggle to get approved.