Guaranteed Gold Card

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You can load it with your money at over 600 cashplus retail outlets and any Post Office® branch for free, and it is accepted worldwide wherever you see the MasterCard acceptance mark. Getting a payment card has never been easier, with no credit check and no need for a bank account; this is the everyday prepaid card that lets you stay in control. See website for card issuer and full terms and conditions.

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With cashplus prepaid Mastercard you can even rebuild your credit. Once your card is activated, read the Cashplus website for full details on how you can use the card and have the card report back to the credit reference agencies to help improve and rebuild you credit score!

experts warn insolvencies are set to soar

Number of personal insolvencies fell in the last three months of last year but experts say that numbers are set to soar. 

The number of people becoming insolvent fell by 3.9 per cent in the last three months of last year, a decrease of 16.4 per cent year on year.

The number of corporate insolvencies rose 0.3 per cent compared to the previous quarter, but fell 2.1 per cent year on year. The total number of liquidations throughout last year fell by 5.4 per cent to 12,426.

The number of compulsory liquidations fell by 7.2 per cent in the last quarter, and 17 per cent year on year, while the number of voluntary liquidations fell rose by 5.4 per cent in the quarter and 9.5 per cent year on year.

But experts said that the dip in corporate insolvencies was likely to be short-lived. Malcolm Shierson, a partner at Grant Thornton, the accountant, said: “We now expect the number of corporate insolvencies to increase by 10-15 per cent in 2008, as many of the credit arrangements offering life support to ailing companies have almost disappeared. It is increasingly unlikely that there will be a quick return to business as usual.”

A survey released yesterday by Ernst & Young, the revealed the growing pressure on UK businesses. The report showed that profit warnings from UK quoted companies rose dramatically in Q4 2007 to reach the highest quarterly and yearly levels since 2001, with almost one in five who warned blaming the impact of the credit crunch.