Contrary to popular belief, getting a personal loan can actually boost your credit score. Credit bureaus calculate your score based on factors like credit history and utilization, and paying back a personal loan on time can improve both. While applying for a loan may cause a temporary dip in your score due to a hard inquiry, this is quickly forgotten as you make timely payments. So, if you're in need of financial assistance, don't hesitate to consider a personal loan. Just make sure to be responsible and meet your repayment obligations.