Curent Bank Account With Bad Credit

May · 6 May 2005 at 1:41PM

Does anyone know of any current bank accounts that will accept someone with a not bad but not so good credit history?

Pal · 6 May 2005 at 4:32PM

I think you posted in the wrong forum! I'll see if I can get it moved so that someone will be able to help you.

roaming_rhino · 7 May 2005 at 10:50AM

HI

Natwest have an account for people with no to so good credit history and so do Bank of Scotland I think , it may be worth checking these out

Ratty_2 · 7 May 2005 at 10:19PM

Hi May:

I can recommend the NatWest Step Account, which I've had for a year now. It's a very basic account (no cheque book, no overdraft), but you can set up standing orders on it, and you do get a Solo debit card, plus interest on your balance (a piffling amount, but never turn your nose up at a penny you haven't had to lift a finger for...).

After a year's well behaved banking (I got into shocking trouble whilst retraining a few years back, which I'm now digging myself out of), NatWest are now talking about upgrading me to a full current account by June, including Switch Card, chequebook, overdraft, and increased interest.

OK, it's basic, but NatWest have really looked after me, and I am happy to recommend. Just over a year after pretty much every other bank rejecting me, I will have a full standard current account once again. Worth the wait, especially considering the boost it gives your credit rating.

Hope this helps,

Ratty

Tharweb · 7 May 2005 at 11:41PM

Check out this link to banks that provide Basic Bank Accounts which is what I think you are after.

jonesMUFCforever · 8 May 2005 at 11:15AM

May wrote:

Does anyone know of any current bank accounts that will accept someone with a not bad but not so good credit history?

I think a lot will depend on exactly what you mean. A few late payments would be ok to open an account if you did not want an overdraft, but ccj's would mean you would only get a basic account.
Eric

May · 12 May 2005 at 10:23AM

I have (to my knowledge) no CCJ's, up to date with mortgage payments but missed about 2 credit card payments recently and one loan payment due to redundancy. So would this affect applying for a current account with overdraft facilities.

jonesMUFCforever · 12 May 2005 at 7:48PM

It might not affect you applying for a current account but I do not think you will get an overdraft straight away.
Are you now back in employment? Are the bills being paid on time etc?
Eric

Fatboy_NSS · 12 May 2005 at 10:20PM

An interesting thing I noticed about the Nat West Step account the other day is that their Solo card has the Maestro logo on it as well. As Maestro is the new name for Switch, doesn't this mean that it's effectively a Switch card, albeit without the cheque guarantee facility? If that's right then surely it's by far the best of the basic bank accounts, most of which don't offer even an Electron card.

bargains83 · 12 May 2005 at 10:49PM

Fatboy_NSS wrote:

An interesting thing I noticed about the Nat West Step account the other day is that their Solo card has the Maestro logo on it as well. As Maestro is the new name for Switch, doesn't this mean that it's effectively a Switch card, albeit without the cheque guarantee facility? If that's right then surely it's by far the best of the basic bank accounts, most of which don't offer even an Electron card.

HSBC Solo cards have the maestro logo on the back but the account handbook says its strictly for use abroad only. I doubt a UK retailer which takes maestro but doesn't take solo would accept it. Although we all know how blatently easy it would be to do so. Likewise with VISA & Electron.

May · 13 May 2005 at 2:06PM

Thanks for all your help.

First Direct have offered a current account with overdraft facilities.

regards

Curent Bank Account With Bad Credit

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free