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369
Junior Member
366 Posts |
 Posted - 06 October 2008 : 17:01:04
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Hi Jo,
Was reading your blog and saw you had written about the cashplus pre-paid gold mastercard, thought it was a brilliant idea, as i want to start getting my credit rating up again, I am due to be discharged next month - so want to do everything I can to help improve my credit.
Have you actually got this card then? And did you just send your details/documents to that address which is just one line - Freepost Cashplus? I am worried about just sending copies of my passport etc to just this address...have you done it and was it fine?
I have signed up for the card and just need to send off my documents and pay for the account as well....
Thanks |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 06 October 2008 : 17:10:46
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Hi there 369
No i did mine on line. It asks for all details then. I have not done the bit for the credit rating yet as i will do that once discharged.
I have my card it took 3 days to come and so far so good.
Its wicked having a GOLD card in my purse but i like it as i know i cant spend what i dont have and i have more places to do my shopping now like Tesco online as they dont accept my electron card, thats another reason why i went for it.
For those who read this post i buy no means want anyone to think im encouraging debts again just flexibility and also another way of putting by your fuel money or car money per month, as i was unable to get a savings account but am limited on where i can use my electron card.
Its NOT A CREDIT Card so dont PANIC its just a pay as you go card like a credit card but all the money that you put on there is yours and not borrowed like real CREDIT CARDS.
I dont want a credit card ever again.
LOL
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
Edited by - Needafriend on 06 October 2008 17:15:18 |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 06 October 2008 : 18:04:42
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Hi Jo
These cards sound like a really good idea to try and repair your credit rating. I would certainly look to getting one in the future. I can honestly say that i will never have any type of credit facility again, however seen as this is your money you put on the card i will look into it.
You really are a godsend jo
Jenny
xx
The weights are coming off my shoulders very slowly, but making such a big diference !! |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 06 October 2008 : 18:11:23
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Hi Jenny
Like i have said i dont want anyone to think that i am encouraging any more debt again as i am not.
It is a good idea and if after your discharged you want to try and repair your credit rating this account will help you do that.
Since i have had mine i have found it very useful, i have the Gold Pre Paid Card and it may cost £4.95 per month for the privilage but what I put on its mine not on tick and so i cant spend what i dont have or rack up any bad debts again. :-)
LOL
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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369
Junior Member
366 Posts |
Posted - 08 October 2008 : 09:33:31
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Thanks Jo for your reply.
I should have done it all on line then - but I didn't have my passport to hand. Oh well, I will send off my docs in the post - I just wanted to make sure that it was legit! And if you have yours then that's all good.
Just for anyone else who is interested in getting one of these cards...it is £4.95 each month....and also you have to pay £9.95 for your card and a further £9.95 if you want an additional card - but these are just one off payments.
Am looking forward to getting it, as I am hopefully going abroad next year and so i will have a card that i can use! |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 October 2008 : 09:40:53
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Hi 369
I have found mine very useful and glad that i got it.
It is nice to have 2 cards in my purse now and i use it for my shopping money now and also for things like clothing and car stuff as its easy to top up and you can keep an eye on it on line.
Let me know when you get it and when you do the pin you have to call the number on the letter that the card comes on and get it over the phone, then you can change it as you do with others.
Best of luck to you.
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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369
Junior Member
366 Posts |
Posted - 08 October 2008 : 09:47:34
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Hi JO,
Can you just do a standing order from your main bank account into there?
Also, how exactly does the payment work....so they "lend" you £54 (ish) and then you pay back £4.95 over 12 months - this is the bit that helps your credit rating...then after the 12 months - do you still have to pay the £4.95?
Hope that makes sense! |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 October 2008 : 09:57:50
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Hi 369
From what i read and understand it works like this.
This really should only be done on discharge if your wishing to help your credit rating and not before as i will do next year, but you will always pay the 4.95 per month anyhow, if you chose the credit helping service then you only pay the 4.95 each month and that would be the only charge that you would pay.
You then would after the 12 months still pay the 4.95 as thats there usage fee, but fof the time your doing the help your credit file one it is only the 4.95 for that but really your paying there monthly usage fee.
Does that make sense.
LOL
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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369
Junior Member
366 Posts |
Posted - 08 October 2008 : 10:17:46
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OK, so you always pay £4.95 a month, but for the first 12 months they treat it like a "loan" and that you are paying it off over the course of a year. And then after that you just pay £4.95 for having the account?
I am being discharged on the 2nd Nov....so i will send off my documents at the end of Oct, beginning of Nov...and get it once i am discharged.
I want to build up my credit rating any way i can !!! |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 October 2008 : 10:20:58
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Hey 369
Thats right, it is a good way of helping and also gives you a bit of flexibilty when it comes to using your card, and you cant spend what you dont put on there.
Good luck with your discharge. :-)
I bet its gone quick for you. Take care Mate.
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 October 2008 : 11:12:01
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Hi 369
I forgot to say that yes you can do a standing order over to this card.
Let me know how you get on. :-)
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Nicola.j
Junior Member
United Kingdom
267 Posts |
Posted - 09 October 2008 : 12:20:00
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Just to let everyone know that this card featured on the IT PAYS TO WATCH programme on channel 5 last night and apparently you get the same protection on this card as with a normal cc if you pay for any large items.(If you have enough money when BR)It is nice to know though.
x |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 October 2008 : 12:23:14
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Thanks Nicola
That is good to know, obviously i wont be maikng any large purchases only my food shopping and car maintanence but when discharged i hope to save abit more for those things.
Take care and again Thanks
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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andysmith
Starting Member
United Kingdom
8 Posts |
Posted - 09 October 2008 : 19:52:33
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I have this product the creditbuilder one, It costs around £75 to do.
You pay about 3 or 4 payments of £4.95 it updates experian after 3mths eventually after a year the payments end, debt settled and you have an improved credit score.
As long as you have a bank account, catalogue & mobile phone(sim only contract)running as well you will have a decent score. Enough to get Capital One, Vanquis & Aqua credit cards.
The biggest thing in credit is time, as long as you have one credit card which is open for a few years(longer the better) you will always get auto approved, if you stick to 3 credit searches a year. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 October 2008 : 19:58:05
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Hi Andy
Thanks for adding in your info although i have not put the card info on my blog to encourage more debt purely just info for those who are interested.
I can see that if those of us who have not learnt a valuble lesson want to go for the real credit cards again wish to try the creditbuilder part to help with there credit score then thats good but its also is good for those of us who want a mortgage one day to be able to rebuild their file.
Thanks
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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zamfir
Junior Member
303 Posts |
Posted - 12 October 2008 : 16:26:27
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Hi Jo,
Sorry to hijack this thread, but is the cashplus card number embossed (like a Credit Card) or flat (like an Electron)?
Cheers, Terry x |
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Topic |
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Question for Jo - Prepaid Mastercard...
