cashplus creditbuilder
Information on how the cashplus creditbuilder gold prepaid mastercard can help consumers improve there credit history.
For many people with a poor credit history it is impossible to get back on the credit ladder to re-establish a positive credit rating with financial institutions. It is very much a chicken and egg scenario, without the ability to gain credit it is impossible for consumers to prove they have credit worthy status. This applies to people that have never had credit and those who have a 'bad' credit history with historic defaults or CCJ's (county court judgements). There are however companies now that will take a more forward thinking approach to help consumers rebuild their credit rating such a ASP and their cashplus creditbuilder gold mastercard.
Some credit card companies now take a more flexible approach to issuing cards to those with a poor credit history such as the Vanquis Bank with their Vanquis credit card. This card can be issued to consumers with a poor credit rating and allows them to prove themselves by making regular monthly payments commencing with a credit small limit to begin with.
Consumers who are refused a Vanquis Credit Card account are generally still able to gain the usage benefits of a credit card by applying for a prepaid credit card. These cards allow consumers to prepay funds onto their account which they can then spend using their allocated prepaid credit card. This gives the user the ability to shop online, over the phone or use worldwide via millions of outlets. The majority of UK prepaid credit cards have no credit checks during their application process and can offer guaranteed acceptance. Other benefits to consumers include the lack of interest charges and security of knowing that they will not fall. Until recently however there was no way to make this usage of a prepaid card count towards the customers credit rating.
The cashplus creditbuilder is different as they have introduced a prepaid credit card proposition that allows customers to improve their credit rating. We have found the cashplus prepaid mastercard has always offered an excellent product to UK customers with competitive pricing, excellent service and support as well as holding the kudos of being the only 'gold' prepaid credit card available today.
To take advantage of cashplus ''creditbuilder'' consumers have to apply for their cashplus gold mastercard online and then once they have received it make a further application to use the creditbuilder facility, which will require 2 forms of id.
The cashplus gold prepaid mastercard costs £4.95 per month to keep the account active and the customer must ensure there is adequate funds preloaded on their account for this to be taken. If the customer pays the £4.95 fee for 12 consecutive months this information is passed to the credit bureau which should have positive effect on their credit rating.
My Fast Cash Loans 18th June 2008
Click Here to apply
Welcome to our site - we hope you find it useful!
