Best student account if your credit rating isn't the best?

postdigital

Title says it all really - I'm about to start a postgraduate course, and my credit rating took a bit of a beating over my student years.. Does anybody know which bank it'd be best to apply with? I've been turned down by a few for student accounts

saver2006

....or if you have NO credit rating?

sgx.saint

I'd like to know the answer to this although my gut feeling is that with a poor credit rating you wouldnt receive a student account with borrowing facilities.

Blacksheep1979

by bad do you mean ccjs/defaults or just missed a few payments here n there?

sgx.saint

In my case I mean deafults

techno_geek

Which banks have turned you down?

sgx.saint

If your referring to me? I havent tried applying as I know I will be turned down.

WYBMADIITY_2

Ok confession time, my credit rating is prob as bad as it gets without being bankrupt lol.

Anyway, returning to uni later this month and tried the Halifax and HSBC for student accounts, but was turned down.

However, applied online for RBS and was accepted immediately. Cheque book and debit/guarantee card arrived within a week. I only asked for a £500 overdraft which was granted, and I've already used some of this for books, although I haven't actually credited any money yet! And also is you use the ref 'Student 55' they pay you £55 after your first loan instalment is paid in.

Hope that helps a little....

Wyb

sgx.saint

It sounds great, unfortunately though I owe RBS money on a credit card as part of my DMP so even if I got the account they would probably take the money from my new account.

Shame. Anyone know of any others?

Blacksheep1979

sgx.saint - I managed to get a student account with a default and it was only from about a year previous to the application

sgx.saint

Well I have more than one and quite a bit of outstanding debt :O .... but it might be worth a try.