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Re: Best ways to build credit from scratch (have no credit history at all)?

  •  Sat, Feb 23 2008, 10:57 AM

    Re: Best ways to build credit from scratch (have no credit history at all)?

    The Cashplus pre-paid "credit" card has a facility they call "Credit Builder" which may be of interest. It works by providing a loan of the yearly fees (£59.40 ) for the card which you then pay off instead of paying the monthly fee (£4.95 ). At the end of the 12 months you've paid of the loan and this is registered with the credit reference agencies. There's a link straight from the prepaid credit card section of this site. You don't need any credit history (or can even have a really bad history for that matter) to get one of these cards as they are pre-paid.
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