Is it true.....

moneysavingallday

that Co-op and First Direct turn the majority of applicants for current accounts down?:eek:

cifpower

Where did you read this?

Lokolo

People on here get rejected by FD but I thought Co-op were quite easy because they give bad credit history people current accounts?

realaledrinker

Lokolo wrote: »

People on here get rejected by FD but I thought Co-op were quite easy because they give bad credit history people current accounts?

Cashminder accounts, maybe.

But their collections people are just as tough with people in arrears than anyone else's. Like data mining the phone book to ring up neighbours to see if 'their long lost brother' is still living at said address...:eek:

opinions4u

I remember from my days back in a bank branch the decline rates for most products were about 50%!

More than likely that Co-op and FD have higher fail rates and a better quality client base for it.