Is a Credit Builder Loan right for me

[Anonymous]

I recently received my discharge from Ch7, I reaffirmed my house, 2 cars, and a RV loan.  I burned most of the usual CC lenders so I am going to have a tough time getting a new CC.  Is their any advantage to geting a credit builder loan since I have the 4 loans listed above?  Going to call my credit union that I do business with to see if they offer any type of secured cc.

[Scupra]

Are any of the loans actually reporting?

[Anonymous]

Yes, all are reporting correctly with no lates 

[Scupra]

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@Anonymous wrote:

Yes, all are reporting correctly with no lates 

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A credit builder loan would not be beneficial to you