Rebuilding Post-BK7, Loan Question

[Anonymous]

So I am 1.5 years out from BK7 discharge, and just received an update on my equifax FICO-8 score after my Capital One card reported for the first time (up 27 points to 657). I have been reading the 700 in 24 months thread here, and I noticed it mentions a credit builder loan.

I have several student loans which survived BK, 3 of which I have since paid in full. I am wondering, do I need a credit builder loan since I already have installment accounts reporting? Thanks!

[gdale6]

SLs typically cannot be discharged in BK and if you have no other open outstanding installment loans you might consider obtaining such a loan but only if its absolutely necessary to your goals.