Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • buebottle60
    • By buebottle60 4th Oct 17, 11:09 AM
    • 7Posts
    • 0Thanks
    buebottle60
    Refused a Santantder 123 Account
    • #1
    • 4th Oct 17, 11:09 AM
    Refused a Santantder 123 Account 4th Oct 17 at 11:09 AM
    Refused a Santantder 123 account because of I have only just cleared a CCJ and have notified the court that the CCJ is now satisfied. This seems most unfair to me as I have £20,000.00 to put into a account to earn a good rate of interest but am unable to yet it is legal as I have checked with a solicitor. Also tried First Direct got the same response so banks will not you earn a good rate of interest if you cleared you debts. Something should be about this?
Page 1
    • molerat
    • By molerat 4th Oct 17, 11:13 AM
    • 17,464 Posts
    • 11,683 Thanks
    molerat
    • #2
    • 4th Oct 17, 11:13 AM
    • #2
    • 4th Oct 17, 11:13 AM
    Did you pay the CCJ within the 28 day timeframe ? What else is showing on your credit file reference this debt ? Banks can offer, or not offer, their accounts to whoever they wish.
    www.helpforheroes.org.uk/donations.html
    • EachPenny
    • By EachPenny 4th Oct 17, 12:11 PM
    • 3,262 Posts
    • 6,000 Thanks
    EachPenny
    • #3
    • 4th Oct 17, 12:11 PM
    • #3
    • 4th Oct 17, 12:11 PM
    Refused a Santantder 123 account because of I have only just cleared a CCJ and have notified the court that the CCJ is now satisfied.
    Originally posted by buebottle60
    How long ago did you fully repay the debt?
    "In the future, everyone will be rich for 15 minutes"
    • buebottle60
    • By buebottle60 4th Oct 17, 2:23 PM
    • 7 Posts
    • 0 Thanks
    buebottle60
    • #4
    • 4th Oct 17, 2:23 PM
    • #4
    • 4th Oct 17, 2:23 PM
    I repaid the CCJ on the 24th Of August and informed the Court sent me a e.mail on the 2nd of October to say they have recorded the debt as satisfied. I went into Santander with a bank statement showing over £100,000.00 in it and proof my debt was paid and the branch was ok with that but was refused by there Credit Department matter how much I had in my bank account.When I phoned Santander to complain they said because I could borrow if I had a 123 Account even though I told the branch i would not want to.the following is the reply from a online legal service "The answer is yes. Although its marked as satisfied it will remain on your record for 6 years.
    Banks tend to be more cautious when a CCJ when a CCJ us under 12 months old.

    But yes, they can do this and it is legal."
    I have phoned FCA about this and await a reply.
    I
    • BoGoF
    • By BoGoF 4th Oct 17, 2:29 PM
    • 2,688 Posts
    • 1,934 Thanks
    BoGoF
    • #5
    • 4th Oct 17, 2:29 PM
    • #5
    • 4th Oct 17, 2:29 PM
    There is no legal obligation for any bank to offer you a bank account so not sure why you are wasting FCA time on this - they don't want your custom end of story.


    Not sure how you ended up with a CCJ if you had the money to pay it, unless it was some point of principal not to pay......as you have discovered, not always a wise move if that is the case.
    • molerat
    • By molerat 4th Oct 17, 2:30 PM
    • 17,464 Posts
    • 11,683 Thanks
    molerat
    • #6
    • 4th Oct 17, 2:30 PM
    • #6
    • 4th Oct 17, 2:30 PM
    Did you pay the CCJ within the 28 day timeframe ?
    Originally posted by molerat
    And the answer to this question is ?
    www.helpforheroes.org.uk/donations.html
    • meer53
    • By meer53 4th Oct 17, 2:32 PM
    • 8,981 Posts
    • 13,045 Thanks
    meer53
    • #7
    • 4th Oct 17, 2:32 PM
    • #7
    • 4th Oct 17, 2:32 PM
    You had a debt that you didn't repay. You're classed as a high risk, regardless of how much money you have now. Over time the risk will decrease and you may be able to open accounts.

    How do the banks know that you will be sensible with your new money ? You don't have a very good track record as the CCJ confirms.
    • buebottle60
    • By buebottle60 4th Oct 17, 4:40 PM
    • 7 Posts
    • 0 Thanks
    buebottle60
    • #8
    • 4th Oct 17, 4:40 PM
    • #8
    • 4th Oct 17, 4:40 PM
    Ok made redundant in 2008 My mother died 3 months later and went onto a bad depression was evicted in 2012 from my flat. Got myself back on track and reclaimed my flat at the end of 2012 and paid all my debts on time from then on . Sold my flat to a buy to let buyer which I now rent because I could not afford the increasing management charges asked for by the managing agents. Have invested £30,000.00 in NSI, £35,000.00 in Stocks & Shares which as of today have increased by £850.00 in 2 weeks & £20,000 in a Share ISA. I hope that is good enough for you?
    • PeacefulWaters
    • By PeacefulWaters 4th Oct 17, 4:43 PM
    • 7,280 Posts
    • 9,003 Thanks
    PeacefulWaters
    • #9
    • 4th Oct 17, 4:43 PM
    • #9
    • 4th Oct 17, 4:43 PM
    When is the CCJ six years old?
    • BoGoF
    • By BoGoF 4th Oct 17, 4:48 PM
    • 2,688 Posts
    • 1,934 Thanks
    BoGoF
    Ok, you have fallen on hard times and came through the other side. But if you were paying your debts on time from 2012 then how come you ended up with a CCJ?

    It doesn't matter if its 'good enough' for any of us here....at the end of the day its not good enough for Santander or First direct. As was said earlier as time goes on the CCJ will become less relevant
    Last edited by BoGoF; 04-10-2017 at 4:49 PM. Reason: typo
    • shortcrust
    • By shortcrust 5th Oct 17, 3:20 PM
    • 1,451 Posts
    • 1,908 Thanks
    shortcrust
    Oh sigh, another 'donít they know who I am?í thread.

    Solicitors and FCA indeed.
    • ywlgy
    • By ywlgy 10th Nov 17, 5:20 PM
    • 12 Posts
    • 2 Thanks
    ywlgy
    I was also declined by santander because of lack of credit history.
    why do they all have to do a credit check if i just want to save money and get some interest.
    I don't need overdraft at all
    • Mchambers
    • By Mchambers 10th Nov 17, 5:31 PM
    • 497 Posts
    • 154 Thanks
    Mchambers
    OP...Complain, get a final response and then escalate to the FCA.
    • Gary_Dexter
    • By Gary_Dexter 10th Nov 17, 5:40 PM
    • 134 Posts
    • 85 Thanks
    Gary_Dexter
    OP...Complain, get a final response and then escalate to the FCA.
    Originally posted by Mchambers
    Then maybe you'll get some compo out of it - right?
    • rainbowskies
    • By rainbowskies 10th Nov 17, 5:54 PM
    • 95 Posts
    • 160 Thanks
    rainbowskies
    Regardless of perfect credit history, bankruptcies, CCJs, etc - banks have the right to refuse potential customers. They don’t even need to give you a reason for it. Complaints won’t get you anywhere as they are well within their rights.

    Save your energy and move on.
    EMERGENCY FUND £1644.03 / £3000 (55% SAVED)
    CAR FUND £1200 / £1200 (100% SAVED)
    • Mchambers
    • By Mchambers 10th Nov 17, 6:02 PM
    • 497 Posts
    • 154 Thanks
    Mchambers
    Then maybe you'll get some compo out of it - right?
    Originally posted by Gary_Dexter
    Why not ? At the very least, Santander will have to pay the FCA (if I remember correctly)
    £800-00) for the complaint !

    HTHs.
    • badger09
    • By badger09 10th Nov 17, 6:19 PM
    • 5,558 Posts
    • 4,865 Thanks
    badger09
    Why not ? At the very least, Santander will have to pay the FCA (if I remember correctly)
    £800-00) for the complaint !

    HTHs.
    Originally posted by Mchambers
    No, it doesn't help at all.
    I'm a supporter of dunstonh
    • enthusiasticsaver
    • By enthusiasticsaver 10th Nov 17, 6:57 PM
    • 4,827 Posts
    • 9,104 Thanks
    enthusiasticsaver
    Technically Santander 123 is a current account not a savings account so there is a possibility of going overdrawn on it. This is why they check your credit record. You may have better luck with just a straightforward savings account.
    2 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • bigadaj
    • By bigadaj 10th Nov 17, 9:17 PM
    • 10,804 Posts
    • 7,098 Thanks
    bigadaj
    OP...Complain, get a final response and then escalate to the FCA.
    Originally posted by Mchambers
    How's that claim going for the food poisoning you 'suffered' on your hols?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

368Posts Today

1,850Users online

Martin's Twitter