Having an installment loan on your reports will make it easier to get auto loans and mortgages aside from the score boost. Some lenders can charge more interest for auto loans if you don't show any experience with an installment loan on your reports. It will give you a more diverse credit portfolio versus just having credit cards.
Starting Score: EQ 653 6/21/12
Current Score: EQ 817 3/10/20 - EX 820 3/13/20 - TU 825 3/03/20