Hello everyone, i am looking at getting a pre paid credit card, the ones a bit like a pay as you go phone, where you can only spend what you have put on it. Its just so i can purchase items online. I have seen one called Orange Cash which looks really good. They say 100% acceptance guarantee and No credit check required. Will the card show up on my credit file?? its provided by Barclays for Orange. Barclays were one of my creditors i owed a few pennies to. Just don't want to get in trouble for breaking any t&c's of my iva
Thanks in advance for any replies
It isn't classed as a "credit" card if there is money up front. I've had one of these cards for a while and told my people about it during the application process and they said it was fine.
Final payment 1st April 2016.
Completion Certificate received 19th May 2016.
There are a few of these cards that do show up - they normal involve signing a loan agreement for the years fees(about £50) you cant use the this money for anything else apart from this. Its this agreement that shows up and builds the credit history. just google pre paid credit card+credit building.
Need to be careful with these cards as often they charge other fees (ie loading the card/cash withdrawal etc)
If however the orginal poster is in an IVA then - this "credit building" wont make any diffrence at the moment
Last edited by ginger3232 on Mon Jun 20, 2011 10:12 am, edited 1 time in total.
I used to have one of these via Tesco - was great when going abroad!
I was sent the info for another via Cleardebt - I think they have their own kind of pre paid card/ bank account and you can get your wages etc paid into it.
I haven't bothered with one this time as I have a Visa Debit with my new Natwest account but I do think they are a good idea!
Susie
x
IVA Accepted 31st March 2011.
IVA Ends 31st March 2016.
None of these cards will require a credit check as you can never overspend on them.
There are a lot of them about these days and can be worth it if you have no debit card.
Not all of them have yearly fees so it's worth checking a few out.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I have a cash plus card which I got at the start of my IVA, I found it useful when I had a visa electron debit card which was not universally accepted. Be careful on charges though as some do carry a monthly fee.
IVA finished June 2011
"If you listen to people who tell you what's impossible, they're usually the ones who failed" Paul Stanley
My O2 prepaid card is great,I get a text instantly if I put money on or take money off,it has no fees whatsoever,you just have to have a mobile with O2.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
