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Fairinvestment.co.uk Reports Prepaid Credit Cards No Longer Just For Bad Credit Histories
By Fair Investment Company
Dated: Aug 22, 2008
Fairinvestment.co.uk reports prepaid credit card market expected to rise £4.5billion by 2010 in light of the
UK credit crunch
As the credit crunch hits the UK, Fairinvestment.co.uk, leading online comparison site, announces that
prepaid credit cards are no longer just for people who have bad credit histories, and could be the answer to
those who are looking for the functionality of a credit card but want to avoid the risk of debt.
"A prepaid credit card (http:// www.fairinvestment.co.uk/prepaid_credit_card.aspx ) offers a simple,
effective and safe way of paying. You top up the card with money and then use it to pay for goods, safe in
the knowledge that you can never go overdrawn or into debt," explained Phil Alcock, credit card expert at
Fairinvestment.co.uk (http:// www.fairinvestment.co.uk/ ).
There are currently about 2.3 million prepaid credit card holders in the UK, and this figure appears set to
keep on rising as people realise the benefits of a prepaid card - by 2010, the prepaid credit card market is
estimated to be worth around £4billion with more than 7 million prepaid card holders*.
Because prepaid credit cards offer the same functionality as a credit card (http://
www.fairinvestment.co.uk/credit_card.aspx ) but without the risk, they have generally been associated with
people who have bad credit histories and who have found it difficult to get a normal credit card. Although
prepaid credit cards still offer this valuable service, they are increasingly being used by people who could
easily get a standard credit card but choose prepaid for their flexibility and convenience.
Prepaid credit cards are a good method for making online payment, this is because the only money that is
at risk is what is loaded onto the card. The Optimum Prepaid Master Card (http://
www.fairinvestment.co.uk/optimum_prepaid_mastercar