How does it work?
It's works exactly as described it, when you get a cashplus prepaid card you can then apply for creditbuilder, you pay a monthly fee of £4.95 where credit builder then becomes active on your account.
As long as you carry out the steps we've outlined to you, and manage any other credit or loan accounts responsibly, you should see your credit rating improve. In fact, we asked some of the leading credit industry experts to help us to develop this service - just see for yourself what they have to say about credit builder
When it comes to repairing credit ratings, there's no magic wand.
If you successfully follow the simple steps involved in using credit builder , it should make a positive impact on your credit rating. But of course, we can't guarantee to repair your credit rating because it may only make up part of your overall credit score.
So please be careful to pay all your bills on time, don't have too much available credit open to you on credit cards, run up huge balances on your cards or take out loans that you'll struggle to repay.
Please see the "How can I improve my credit rating?" section for more hints and tips on getting a better credit rating.
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