home
in

Question about Prepaid credit cards.

Last post Thu, Oct 02 2008, 1:48 PM by mw. 2 replies.
Sort Posts: Previous Next
  •  Thu, Oct 02 2008, 1:48 PM

    Re: Question about Prepaid credit cards.

    Cashplus offer a credit builder option as long as you sign up to 12 months of their pay monthly option which costs around £4.95.

    You do not need to use the card or load more funds on, simply put £60 on it and it will automatically be debited. There is a thread on moneysavingexpert about it.

    • Post Points: 5
  •  Mon, Sep 29 2008, 9:15 PM

    Re: Question about Prepaid credit cards.

    Hi -- Most prepaid cards are loaded with your own funds, and no money is actually being borrowed from the bank. Therefore, unlike a credit card, loan or overdraft agreement, no information is exchanged with credit bureaus such as Experian or Equifax.

    However there are a few prepaid cards that have started to offer this if you Google "prepaid cards" you will find details.

    • Post Points: 5
  •  Mon, Sep 29 2008, 2:28 PM

    Question about Prepaid credit cards.

    If i load money onto a prepaid credit card regulary and also use it for purchases regulary will this improve my credit?
    • Post Points: 53