Monday, June 29, 2009

letsbesocial's Utter

i know, i was kind of being an ass. kind of. i mean, it's a silly advert on their behalf don't you think?



HEY, BORROW MONEY ON YOUR VERY OWN PREPAID VISA!



huh? it's basically cheating the system in a legal way. until it's illegal of course. how can you build credit on a prepaid visa? if that where the case why couldn't we go to a corner store, pick up a prepaid card and build credit that way?



basically, what you have there is a "savings" account that when used and paid off again shows favorably on your credit report. but i bet that the prepay and the subsequent use of the card WON'T go towards your credit report. not until you put money BACK INTO the card AGAIN. i'm almost sure of it.



how could they get away with that otherwise?



i don't know, i'm probably talking out of my behind. i've no clue how these things work.

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