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CashPlus
arcon5
Posts: 14,099 Forumite
Okay, if I read it correctly this is how it works:
Activeplus @ £4.95 per month
You pay this fee each month *except months where the balance is nil*
After 12 months they report to credit agencies that the fee was a loan over 12 months, thus improving your score
Is this right?
If so, is it worth getting one whilst undischarged to make a good start for the future?
Activeplus @ £4.95 per month
You pay this fee each month *except months where the balance is nil*
After 12 months they report to credit agencies that the fee was a loan over 12 months, thus improving your score
Is this right?
If so, is it worth getting one whilst undischarged to make a good start for the future?
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Comments
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I thought you pay the fee each month as they 'loan' you the money and you are paying it back each month and they report to the CRAs at the outset. Have I got it wrong?
I did get a cashplus at the start of my bankruptcy but rarely used it so did not renew after the card expired, and I didn't take the loan option.
:j :j
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