Cash Plus Credit Builder

the_crunch

Ive just applied for one these cards and was wondering if anyone knows if that when you have applied for the credit builder option, whether it is possible to obtain the plus point on your credit file if you pay off the £60 immediately instead of over a 12 month period?

Thanks in advance

skyrider007

You pay 12x installments which will equal to £60 at the end of the year.

the_crunch

thanks for the reply - this I am aware of... what i want to know is if it possible to obtain the green point on my credit file by paying off the £60 all in one go.

skyrider007

Nope, that's not possible. If you want 12 green "zero" ticks then it will take 12 month. You can't fast track your credit rating!

the_crunch

Ok nice one, thats what I thought, but hoped it wouldnt be true! I hear that they will give me 3 greens after three months and then one every month after......