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Prepaid credit that help build credit history?
el_nino_5
Posts: 39 Forumite
in Credit cards
Is there any other of these apart from cashplus that can help build my credit history???
Cheers
Cheers
0
Comments
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Unfortunately no.0
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Prepaid cards are not credit cards, therefore not reported as part of a credit history. Remeber it's your money your spending and not borrowed funds, therefore it cannot be reported.
Ways to help build a history. Get a mobile phone contract, get a beginners credit card, get a catalogue credit account, be on the electoral role.
Obtaining a loan/paying a fee from/to Cashplus of £59.40 just for them to report it is not a good way to go about trying to improve your credit.0
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