Been refused for a credit card? Don't have a credit history?
Get creditbuilder on your cashplus account!
creditbuilder is a new function of your cashplus prepaid gold MasterCard®, which could help you to improve your credit rating just by continuing to pay your normal £4.95 monthly activeplus fee.
If you have been refused for a credit card or loan, you are new to the UK or you have missed payments on bills, you could suffer from a bad credit rating. creditbuilder is a simple way to help repair or build your credit history, and increase your chances of being accepted for credit products in the future.
You do not need a bank account. You do not need to pass a credit check. There are no additional charges or interest payments - you don't even need a stamp to send us your application form!
As soon as 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 have been made on time, we report that you have completed a loan repayment to the credit bureau.
- Your credit rating should be improved!
You may have been classified as a bad credit risk in the past. You may have missed loan or credit card repayments. You may have no credit history as you are new to the UK or are only 18. Don't worry - creditbuilder could help you repair your credit and improve your situation.
cashplus has always been a great way to help people to manage their finances, shop online, access cash overseas and share money with family and friends - but now it could help improve your credit rating too.
As soon as you have applied for your cashplus card, go to the creditbuilder site to get your application pack and you could start improving your credit rating while enjoying the benefits of your cashplus card.
click here to visit the creditbuilder website
*To upgraded to a full cashplus gold account, please send two items of identification from the list in the mycashplus FAQs
