New Credit Card and Bank Account with a very poor credit score?

oghenelena

HELP!!!

IT IS MY FIRST THREAD SO FORGIVE ME YOU ALL OUT THERE IF I AM NOT DOING CORRECTLY, OR IF THIS THREAD ALREADY EXISTS, BUT I AM REALLY DESPERATE!

First, I want to switch my credit card but every time I apply for one I am refused as my credit score is very bad. I do not have CCJ but have only one default, plenty of arrears and miss payments, plus voluntary arrangements. My credit card is Capital One and I only have £600 credit (well, debit to be precise) but the interest rate I pay without even using my card and just doing the minimum payment is astronomic! HELP ON THIS, PLEASE.

Secondly, I also want to switch my account from Halifax to another one that will stop stealing my money only in charges of DD unpaid and overdraft interests. I asked refund of these as read in Martin's newsletter, they did refund me but not all of them. They send me a nasty letter, I think, saying that if I request refunds of these again, they will close my account, but I am determined to write to them again asking them again, as last time a standing order not paid for £5 costed me £30!

I would be very grateful if any of you would reply to me, well, at your own time but before the end of this year!

Thanks

Elena

file_wizzard

If you have recent defaults and are currently in arrears then the simple answer is that you will not obtain a standard current account or credit card.

even the "sub-prime" credit cards require all payments on time for the last 12 months ( even if other defaults are still present) , and the high street banks will not entertain anyone with defaults in the last 6 years.

Some banks like Natwest will issue a "basic" account with a solo card, and may look to upgrade it after 6-12 months to a full account.

pms

When I started out with my Trust Deed I was advised to change my bank account as I owed money to Lloyds TSB who I was with.

I now have a Natwest Step Account and can reccomend it, no frills just a basic current account with a solo card, no cheque book and no overdraft it does however have Direct Debit and Standing Order facilities and online banking.

Hope this is of some help.