Halifax Current A/C decision?

Bosie

Just an update really, well he has got the Halifax Reward A/c and my sneaky hub also applied to Abbey and was accepted, he got email before. So his finger going mad on the application apply buttons, he applied to:

HSBC = Declined, due to previous history with them, no credit check.

Barclay's Still waiting, they have checked with Experian.

Halifax Reward = Accepted (Experian)

Abbey Bank A/c - Accepted (very fast application) Experian

caeler

Sorry but why does he need so many?

Bosie

bluefuzzybug wrote: »

Sorry but why does he need so many?

Hi, no he won't be running 4 accounts, he knew he'd be declined for an account or 2 so applied for 4 accounts.
He's going to decide which to have after getting Barclay's decision, which should be soon:rolleyes:

jambosans

Bosie wrote: »

Hi, no he won't be running 4 accounts, he knew he'd be declined for an account or 2 so applied for 4 accounts.
He's going to decide which to have after getting Barclay's decision, which should be soon:rolleyes:

Why apply for the accounts all at once? Multiple searches on his credit history can have a negative effect. Surely a more sensible idea would be to apply for one account at a time. Instead, if Barclays accepts, your husband will have three current accounts.

Bosie

jambosans wrote: »

Why apply for the accounts all at once? Multiple searches on his credit history can have a negative effect. Surely a more sensible idea would be to apply for one account at a time. Instead, if Barclays accepts, your husband will have three current accounts.

LOL - well he's a man and mmmm dunno:eek:
Think he'll keep one as the main account, salary going in and the other to pay sundries from. But these searches will be it now for many years!

jambosans

Bosie wrote: »

Think he'll keep one as the main account, salary going in and the other to pay sundries from. But these searches will be it now for many years!

Now they're open, won't do much harm to keep them.

Oh bit of advice: the Halifax Reward Current Account does not pay credit interest, but the Abbey Bank Account pays 6% AER (up to £2500, for the first year). So it might be an idea to have your husbands salary move through the Halifax account, and then onto Abbey, where the credit balance will earn some interest (while bills etc. are paid). Just make sure you allow time for funds to transfer before bills, etc. are due, and this way you will maximise your money without charges - £5 Reward from Halifax, and interest from Abbey.

horngkai

I was trying to apply for Halifax rewards account and all seems well but it took a few days to recieve my online password. When I log on, it has a link under the account for application decision. When I clicked on it, it says application decision declined. Does that means the decision been made to decline my application?

As far as I am concern, my credit rating should be good as I have gotten a mortgage, 2X car loans, 2X new credit card over that last 18 months. Any reason why I got decline or that is actually still being look at?

never-in-doubt

If it says declined then its been declined - wait til you get letter then appeal....

horngkai

how often does appeal works?

Extant

As opinions4u said, you're not likely to get anywhere appealing a decline on credit score. The bank will have a set credit policy, and it's the same whether the computer turns you down or a human does.

The only reasons you'd typically find the decisions being overturned is false positives (i.e. when a system turns someone down for having defaults when they've never held credit before) or for false and misleading information on record (errors on your credit report, perhaps due to identity theft or similar, and this needs to be evidenced typically).

There's not much else that would make an overturn likely - unless you turn around and tell us you have a few million stashed somewhere that you'd like to give us.