do bank accounts improve your credit score

Options
jakemuk
jakemuk Posts: 973 Forumite
in Budgeting & bank accounts
if you have multiple bank accounts on your credit file, presenting nice green ticks, Does this improve your credit rating and look good to lenders, even if no overdraft in place ?
Wannabe DFW NERD: Not fully fledged member yet !
HSBC Bank Charges Reclaim In Progress Total: £1462.56
HSBC CC Reclaim Total: £180.00 PAID IN FULL :D

Comments

  • PROLIANT
    PROLIANT Posts: 6,396 Forumite
    Combo Breaker First Post
    Options
    Yes, it is a sign of stability - all bank accounts are reported to the CRA as a "Current Account" and not as a "Basic Account".
    Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
  • jakemuk
    jakemuk Posts: 973 Forumite
    Options
    so the more you have better it looks ?
    Wannabe DFW NERD: Not fully fledged member yet !
    HSBC Bank Charges Reclaim In Progress Total: £1462.56
    HSBC CC Reclaim Total: £180.00 PAID IN FULL :D
  • masonic
    masonic Posts: 23,480 Forumite
    Photogenic Name Dropper First Post First Anniversary
    Options
    It depends. You might already have a lot of available credit through overdraft facilities, which could be regarded as negative.
  • UncleSimit
    UncleSimit Posts: 167 Forumite
    Options
    Only my RBS account (basic) appears on my file, my Halifax and Barclays dont. I'm tempted to open a Natwest too, as I heard they also appear on your credit file as a current account.
  • bitterSTAR
    bitterSTAR Posts: 129 Forumite
    Options
    What Barclays account do you have? My Barclays one appears on my credit file, but I do have an overdraft.
    Cashback Earnt so far in 2009: AMEX £133.93, wepromiseto.co.uk £67.07, Barclaycard £25, MobilePhoneExchange: £28. TOTAL: £254.00
  • UncleSimit
    UncleSimit Posts: 167 Forumite
    Options
    Only a basic account mate.....:(
  • baz29
    baz29 Posts: 35 Forumite
    Options
    I have a barclays cash card account and it's on my credit file as current account.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.7K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.8K Work, Benefits & Business
  • 608.9K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards