Credit Builder Credit Card - another virtual loan shenanigan

Previously: https://credit-score-rating.blogspot.com/2019/07/putting-2000-in-cash-as-collateral-to.html

I was thinking of putting cash as collateral.

Instead, they created a saving product.

Financial engineering.

Ingenious.

Just like building your home, selling it, buying it again: https://en.wikipedia.org/wiki/8_Canada_Square
After re-acquired ownership of the building in 2008, HSBC once again sold the building, this time to the National Pension Service ("NPS"), the public pension fund for South Korea
Did some research, trying to understand how Credit Builder Credit Card works: https://www.moneysupermarket.com/prepaid-cards/credit-building/


It was alphabetical on top.

Here is a link to them: https://www.cashplus.com/creditbuilder

I believe their offering is totally retarded. I will explain in a separate post...

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