I took out a loan for some furniture for my house not realizing that when you are paying them the minimum payments that you can pay them for a long time. I also did not realize that you are paying double the amount of the loan back from the original purchase. One of the things I did not know is there is intrest on the loan and it is given in the form of credit. I did this to build credit but I did not want to pay forever. I ended up paying the whole thing off over a period of time but I would just rather pay for things up front. Not that taking out a loan is bad but beware that there are late fees and the intrest rate can go up over time or if you are late making payments.A word of advice is make sure you make your payments on time so you don't incur late fees, or a higher intrest rate, especially if you are trying to build credit.