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I've got a very poor credit history and now I am looking for a way to restore it. I have tried a lot of options but it seems extremely difficult to get it restored. One of my friends suggested to go for a Credit Builder Loan. So I had a detailed talk with the financial service provider.
They explained the concept and I think it's good. A loan is made but the funds are put on hold in the savings share account so that the loan will create a positive credit history.
What do you think? Have you taken a credit builder loan? Any suggestions would be greatly appreciated. Thanks in advance.
They explained the concept and I think it's good. A loan is made but the funds are put on hold in the savings share account so that the loan will create a positive credit history.
What do you think? Have you taken a credit builder loan? Any suggestions would be greatly appreciated. Thanks in advance.