I logged on to my Cashplus account this morning to be greeted by an "improve your credit history message", and having read it - it is very interested.
They basically loan you 12 months membership fee, so as long as you pay your £4.95 subscription fee, it will be reported to your credit record that you have made 12 payments and repaid the loan. It is 0% interest, and your account operates as usual.
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If you are a fully verified cashplus customer, you are eligible to join creditbuilder.
creditbuilder is very simple. Here’s how it works:
*You need to be a cashplus customer to get creditbuilder.
*You complete the simple application forms and send them to us with a copy of your identification to have creditbuilder added to your cashplus gold account for a year.
*Advanced Payment Solutions Limited loan you £59.40 to pay for one year’s use of your cashplus card – the money is only available for this purpose.
*You pay NO interest, NO administration fees and NO extra charges!
*You just need to make sure that there is at least £4.95 in your account every month.
*We take the usual payments of £4.95 from your activeplus account every month, while you continue to top-up and use your cashplus prepaid gold MasterCard as normal.
*After 12 monthly payments of £4.95, the £59.40 loan has been successfully repaid.
*If all payments are made in time we report that you have completed a loan repayment.
*Your credit rating should be improved!
www.mycreditbuilder.co.uk
