I’m aware of these, and have done one myself. This isn’t what they described, though, or at least not how she described it to me. Credit building loans are, well, loans, and as such have a specific “principal amount”, pay off date, etc. This was supposed to just be an ongoing thing she could stop at any time and just have a fat chunk of change that’s been growing with the stock market to stick in her pocket whenever she wanted.

In other words, a very obvious scam.