Whether itâ€™s a new car, phone contract or even a house, credit scores are becoming increasingly important to several parts of modern life. Unfortunately, not everyone has the same luxury of a good credit score.
The good news? That doesnâ€™t mean you have to miss out on the services you want and need. Cashplus is a new banking services provider that can help you access the services you need as well as potentially building your credit score for the future. Read on to find out howâ€¦
How does Cashplus work?
Cashplus works exactly like a bank. Simply open an account, then use it to receive wages or other payments. You can use your Cashplus account to pay bills, set up standing orders and transfer money to people you know using the fast, easy Cashplus app. Cashplus members can even withdraw cash at ATMs across the UK.
Whatâ€™s great about Cashplus is that you get complete peace of mind. When you use Cashplus, by app or card, your purchases are protected against companies going bankrupt or those who send damaged or substandard goods. Thatâ€™s not just a slogan â€“ theyâ€™ve paid out hundreds of thousands of pounds to reimburse their customers already.
No credit checks
Hereâ€™s the best bit. Cashplus doesnâ€™t require any credit checks to open an account and use their services. Not only does that save the delay and potential embarrassment of being rejected, it means you donâ€™t have to put up with the limited service on offer from some banks.
While all banks will provide some sort of service regardless of credit scores, they often provide accounts without an overdraft for those with bad credit. That leaves you with a restricted service simply because of your history. With a Cashplus account, you can borrow money when required, acting as an overdraft, to cover any unexpected costs or emergencies.
Cashplus is dedicated to helping people with bad credit. That doesnâ€™t stop at their banking services. What truly sets Cashplus apart is their unique Creditbuilder add-on, which can help you improve your credit score over the course of 12 months.
Cashplus will lend you the total cost of an account for 12 months but hold the money in your account so thereâ€™s no confusion. Youâ€™ll then repay the cost of the loan as a monthly fee â€“ much like you would with your monthly fees anyway.
In doing so, youâ€™ll be demonstrating the ability to pay back credit on time, without having to do anything out of the ordinary. That will potentially improve your credit score once the loan is paid off at the end of 12 months.
Find out more about Cashplus
Cashplus has helped more than 200,000 people with bad credit, poor credit or even no credit history if theyâ€™ve moved from abroad. Want to join their swelling ranks?
Find out more about Cashplus and open your account today to put them to the test.