Fortress Financial Group fka FFGO

[enlightened1]

Some info on your 'new' business area in which you are soon to become involved - like it ir lump it. (I like it)

(full text at:- http://www.creditsolveuk.com/prepaid.htm

".......If you are a company / organisation and wish to provide prepaid Mastercard / Visa cards to your employees or members please visit our company prepaid card enquiry form for details.

If you have read our UK poor / bad credit history unsecured credit card page then you will know that if you have some form of bad credit and cannot obtain any of the poor credit history unsecured UK credit cards that we tell you about then there are 2 alternative solutions open to you, secured offshore / non-UK credit cards and prepaid credit cards.

As we point out, if you live in the US there are plenty of (sometimes very expensive) secured credit cards and if you live in the UK there are some offshore and European secured credit card accounts open to you if you have the required deposit.

However, many people do not have access to such funds and others are unwilling to risk such money in offshore banks or non-UK banking institutions, even though many are extremely stable and secure.

The only solution left for people with bad credit is the prepaid credit / debit card. This is simply a credit / debit card with the usual Mastercard or Visa logo that is prepaid, either when you buy it or when you load or reload it with your own funds.

These reloadable prepaid credit / debit cards allow you to add credit, usually with very small minimum amounts so you just load what you need to spend. There are no large security deposits to surrender.

In this respect, they are not credit cards but stored value debit cards, in so much as you cannot go into debt with them. Also, as no credit is involved, prepaid credit / debit cards do not generally report to the credit reference agencies.

A consequence of this is that prepaid credit / debit cards are perfect as low risk, private and confidential second credit cards for use on the Internet etc.

Once again, if you live in the US or have a verifiable US address then there are dozens of prepaid credit / debit cards to choose from. Some of these prepaid credit / debit cards are reloadable, some are not. The ones that aren't are generally called gift prepaid credit / debit cards which come with a fixed amount which has to be used by a certain date. Some gift prepaid credit / debit cards are reloadable, though.

You can even buy some of these prepaid gift credit cards in retail outlets.

A good example of a US ONLY prepaid Mastercard stored value credit card that can be obtained from a retail outlet in the US is this prepaid Mastercard. You can see a list of US ONLY prepaid and secured debit cards that are available to US customers on our US debit card page.

As a result of the Patriot Act 2001, US prepaid credit cards are not available to those with an international billing address and/or those without a US SS number.

Up until recently, in the UK all this was unheard of. In so many ways we are miles behind the US when it comes to prepaid and secured credit card products. One of the reasons for this was that the UK was not as electronically connected as the US so that prepaid cards, which do not allow you to actually borrow on them, could be misused by some people at places that do not connect to the bank's computers to check for sufficient funds.

The prepaid credit / debit card solutions open to UK (and many worldwide) residents with or without bad credit are more limited but have improved markedly in recent times.

Although there are no banking institutions in the UK who offer secured Mastercard / Visa cards (although Capital One used to) there are now a few that offer prepaid Mastercard & Visa credit / debit cards.

However, there are still relatively few places for anyone in the UK and Europe to go for prepaid credit cards.............."