Is there a prepaid card that does NOT report to credit agencies?

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Magician
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Is there a prepaid card that does NOT report to credit agencies?

Postby Magician » Thu Apr 05, 2012 1:38 am

Hi is there a pre-paid credit card that doesn't fire all your spending details to a credit agency?

Thank You
M :)


Crashem
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Postby Crashem » Thu Apr 05, 2012 10:06 am

Huh? None report to credit bureaus. Pre-paid credit card isn't a credit product. Maybe you are using the wrong terms so can you specific example on what you mean by pre-paid credit card and what you mean by credit agency.

As FYI, with a normal credit card, credit bureaus aren't aware of what you buy. They just know what you owed when the credit card reported to credit bureau.
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JCarter
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Postby JCarter » Thu Apr 05, 2012 11:13 am

Crashem,

Under American law they do not. Under British law they MAY. Since they work sometimes similar to a secured card product they may.

Magician,

Your best bet is to have a solicitor in Scotland write you a letter requesting they do not, or procure a pre-paid card which is truly prepaid. I do not practice law in Scotland, and my British law is a bit rough on these details. I'll do a little more research if you need.

Magician
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Postby Magician » Sat Apr 07, 2012 2:46 am

JCarter wrote:Your best bet is to have a solicitor in Scotland write you a letter requesting they do not, or procure a pre-paid card which is truly prepaid. I do not practice law in Scotland, and my British law is a bit rough on these details. I'll do a little more research if you need.


Thank You JCarter, I would appreciate that,
Regards
M



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