Many people believe that prepaid cards can help build credit. They won't impact your credit score. Here's why and what you can do about it.
The Consumer Finance Protection Bureau released proposed disclosure guidelines for prepaid cards. Back in March the CFPB asked for comments on proposed disclosures. At the time, the agency noted that currently “each prepaid card company’s retail package discloses different information, which makes it difficult to do side-by-side comparisons.” It’s a challenge we faced as we [...]